Latency

Latency in the blockchain context refers to the time it takes for data to be transmitted across a network. Specifically, it is the delay between sending a request, such as a transaction, and receiving a confirmation.

High latency can lead to slower transaction speeds and delays in confirming transactions, negatively impacting the user experience.

In blockchain networks, minimizing latency is essential for improving scalability and ensuring timely transaction processing, especially for decentralized applications (dApps) and high-frequency trading platforms.

More Definitions

Decentralized Applications (dApps)

Decentralized applications, or dApps, stand at the forefront of blockchain innovation, reshaping the digital landscape. Operating on decentralized networks, dApps leverage blockchain technology and smart contracts to offer secure, transparent, and peer-to-peer interactions.

Liquidity

In business, economics, or investment, market liquidity refers to a characteristic of a market in which an individual or company can swiftly buy or sell an asset without significantly impacting the asset's value.

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