public ledger</strong></a>. This is collected and stored in the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mempool/">mempool. Every <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">node maintains a mempool, which is a database of unconfirmed or awaiting transactions.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-miner/">Miners also add the signed transaction in the following block.</p>\n<p>The individual transacting pays the gas costs throughout this procedure, putting the whole obligation on the user executing the transaction. Furthermore, even when utilizing <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">dApps or protocols that have their own token, users are obligated to pay the gas costs in the chain's native token.</p>\n<p>DApps are allowed to bypass the responsibility of gas costs and token payments by metatransactions. This is done by having the signed transaction maintained in the standard blockchain transaction.</p>\n<p>The outcome of this is that the responsibility of gas fees and transaction completion is given to a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-intermediary-middleman/">middleman./nA dApp developer could consider this as a great way to provide an experience that is free of gas fees, for example. In order to enhance user acquisition, he could also support the gas expenses for certain or all customers.</p>\n<p>In a different scenario, they could also decide to let users only obtain their native token to pay for gas. Either way, they would employ metatransaction to make sure that they are the ones controlling the standard chain transaction and paying the gas fees required.</p>\n<p>The user would essentially sign what is needed and pay to correspond to the developer's specifications, either in their own token or with no gas expenses.</p>","level":"medium","meta_title":"What is Metatransaction? Definition & Meaning | Crypto Wiki","meta_description":"Metatransaction meaning: Metatransaction - responsible for fulfilling a transaction signed on behalf of the originating signer by another entity.","meta_keywords":null,"language":"en","created_at":"2022-04-11T05:48:58.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-metatransaction"},"prevSection":{"id":887,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Motoko Programming Language (DFINITY)?","slug":"what-is-motoko-programming-language-dfinity","section":"M","keyword":"Motoko Programming Language (DFINITY)","status":"published","definition":"is a programming language that enables development on the Internet Computer.","content":"<p><strong>Motoko Programming Language</strong> (DFINITY) is a developer-friendly programming language designed for building <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a> on decentralized internet. Its vision is to allow skill-diverse developer teams to build a new <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-are-decentralized-applications-dapps/">decentralized application</strong></a> generation that enables swapping and pairing of application components, in addition to being secure and scalable.</p>\n<p>This programming language allows developers to create complex software applications that minimize the possibility of exploitation. It does this by providing parity typing.</p>\n<p>Motoko programming language was originally developed as a language design exercise. The goal of this exercise was to investigate and evaluate how a programming language could perform was it able to utilize the security model of the Internet Computer and decentralization.</p>\n<p>DFINITY prompted the continued development of the Motoko Programming Language. Currently, it has a variety of features including:</p>\n<ul>\n<li>A solution to program in a <strong>statically-typed language facilitating type interference compiler</strong>;</li>\n<li>Implementation of lexical closures within crucial functions;</li>\n<li>Simplification of the pattern matching process through the use of algebraic data types;</li>\n<li>Resource management via automatic memory management;</li>\n<li>Enforced immutability and <strong>referential transparency</strong> offer stronger security.</li>\n</ul>\n<p>One of the benefits of the Motoko Programming Language is that it removes elements such as garbage collection (GC), communication through message passing, and memory management, among others. </p>\n<p>Moreover, it provides concurrency primitives, data type lists, and sets of abstractions so programmers can create powerful software applications </p>\n<p>What is DFINITY?</p>\n<p>DFINITY is a new type of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-blockchain/">public blockchain</strong></a> that runs completely on the web. It’s the first blockchain to facilitate the WebAssembly (WASM) virtual machine format in developing high-quality smart contracts. </p>\n<p>Threshold Relay is the consensus protocol that secures DFINITY and makes it scalable especially when talking about smart contracts. It’s a well-established protocol that’s known to combat cybercriminals who hack blockchains through the use of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-51-attack/">51% attacks</strong></a>. </p>\n<p>Moreover, a new <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">proof-of-stake (PoS)</strong></a> beacon of randomness is in DFINITY’s works. Smart contracts will utilize it to shuffle through various sets of data, randomly pick network participants as well as provide randomly generated numbers. </p>\n<p><strong>What is the Internet Computer?</strong></p>\n<p>The Internet Computer is a worldwide system of public computer networks that allows producers to operate general-purpose software while taking a decentralized approach. </p>\n<p>It’s backed by the ICP coin. This coin allows the Internet Computer to cover the network computation and system governance costs.</p>","level":"medium","meta_title":"What is Motoko Programming Language (DFINITY)? Definition & Meaning | Crypto Wiki","meta_description":"Motoko Programming Language (DFINITY) meaning: Motoko Programming Language (DFINITY) - is a programming language that enables development on the Internet Computer.","meta_keywords":null,"language":"en","created_at":"2022-04-08T13:47:30.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-motoko-programming-language-dfinity"},"currentChapter":"M","currentSection":"what-are-market-balances","chapterTitle":"M","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-are-market-balances","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter M
What are Market Balances?
Market Balances MEANING:
Market Balances -
After a trade occurred on a decentralized exchange (DEX), the big amount of coins refers to market balances.
Let's find out Market Balances meaning, definition in crypto,
what are Market Balances,
and all other detailed facts.
Market balances are the huge number of tokens or coins after a trade took place on a decentralized exchange (DEX). This can be achieved without the need for a middleman via a DEX. It is done through liquidity pools, on-chain, or by using automated market makers (AMMs), drastically reducing intermediary fees.
From a traditional finance perspective, market orders are completed at the best price at that time. They are some of the most popular order types filled in the market requiring an intermediary, such as a broker or trading exchange/app to fulfill them.
They take place at an asset’s current bid price for sell orders and the current price for buy orders.
In a decentralized exchange, on the other hand, users are obligated to link their virtual wallets to the exchange. Then they have to input the quantity of an asset, for example, $USDC, that they wish to trade for another asset like $RIN. After that, they need to approve the transaction as well as pay a small liquidity provider and gas fee.
Then they receive the quantity of $RIN set by the market price.
If the market price was at $2 per $RIN at that time, for example, a market order of 100 USDC would give the trader about 50 $RIN tokens. This is without the liquidity provider and transaction costs.
The $50 RIN tokens would emerge under market balances in the DEX after the market order is processed. This obligates the user to establish any distinguished balances or money and return them to their virtual wallet.
