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.&nbsp;</p>\n<p>Moreover, it provides concurrency primitives, data type lists, and sets of abstractions so programmers can create powerful software applications&nbsp;</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&rsquo;s the first blockchain to facilitate the WebAssembly (WASM) virtual machine format in developing high-quality smart contracts.&nbsp;</p>\n<p>Threshold Relay is the consensus protocol that secures DFINITY and makes it scalable especially when talking about smart contracts. It&rsquo;s a well-established protocol that&rsquo;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>.&nbsp;</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&rsquo;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.&nbsp;</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.&nbsp;</p>\n<p>It&rsquo;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)? 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Investing","slug":"trading-and-investing","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-trading.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-trading-101.jpg","rating":80,"sections":[{"slug":"where-to-trade-crypto","title":"Where Can You Trade 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Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":897,"original_id":null,"author_id":40,"translator_id":null,"title":"What are Market Balances?","slug":"what-are-market-balances","section":"M","keyword":"Market Balances","status":"published","definition":"After a trade occurred on a decentralized exchange (DEX), the big amount of coins refers to market balances.","content":"<p>Market balances are the huge number of tokens or coins after a trade took place on a&nbsp;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchange (DEX)</strong></a>. This can be achieved without the need for a&nbsp;<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-intermediary-middleman/">middleman via a DEX. It is done through <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity-pool/">liquidity pools</strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-on-chain/">on-chain, or by using <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-automated-market-maker-amm/">automated market makers (AMMs)</strong></strong></a>, drastically reducing intermediary fees.</p>\n<p>From a traditional finance perspective, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-market-order-market-buy-market-sell/">market orders</strong></a> 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.</p>\n<p>They take place at an asset&rsquo;s current bid price for sell orders and the current price for buy orders.</p>\n<p>In a decentralized exchange, on the other hand, users are obligated to link their virtual <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallets to the exchange. Then they have to input the quantity of an asset, for example, <strong>$USDC,</strong> 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.</p>\n<p>Then they receive the quantity of $RIN set by the market price.</p>\n<p>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 <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity-provider/">liquidity provider</strong></strong></a> and transaction costs.</p>\n<p>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.</p>","level":"easy","meta_title":"What are Market Balances? Definition & Meaning | Crypto Wiki","meta_description":"Market Balances meaning: Market Balances - After a trade occurred on a decentralized exchange (DEX), the big amount of coins refers to market balances.","meta_keywords":null,"language":"en","created_at":"2022-04-11T05:44:20.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-market-balances"},"prevSection":{"id":886,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Metcalfe’s Law?","slug":"what-is-metcalfes-law","section":"M","keyword":"Metcalfe’s Law","status":"published","definition":"is a concept explaining the increase in value for every user when a network has a growing amount of users. In essence, it describes the network’s value.","content":"<p><strong>Metcalfe&rsquo;s Law</strong> <strong>explains how the telecommunications network is affected by an increasing number of users</strong>.&nbsp;</p>\n<p>As the internet became more popular, Metcalfe&rsquo;s Law allowed description Ethernet connection.</p>\n<p>This concept was introduced by George Glider in 1993. It was then later credited to Robert Metcalfe, who played the part in the introduction of the internet, on the subject of the Ethernet.&nbsp;</p>\n<p>In essence, this concept works best with massive networks that have devices able to connect with each other.&nbsp;</p>\n<p>Let&rsquo;s have a look at phones as an example. If you have a phone, but no one else does, then it brings absolutely no value to you since you can&rsquo;t utilize it to its full extent. However, if there is a big number of people that use phones on a daily basis, then you lose value by not using one. When you own a phone, you&rsquo;re considered to be part of a system that&rsquo;s interconnected. &nbsp;</p>\n<p><strong>Cryptocurrencies and the Metcalfe&rsquo;s Law</strong></p>\n<p>Metcalfe&rsquo;s Law has been applied in the crypto sector as well. It includes <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchains, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contracts</strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">cryptocurrency exchanges</strong></a>, and many other elements within the industry.&nbsp;</p>\n<p>For instance, <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin, one of the most well-known companies in the sector, is a blockchain platform, a cryptocurrency, and a network that connects it all together. The rate of adoption in regards to all these aspects influences the price of BTC.</p>\n<p>Metcalfe&rsquo;s Law can demonstrate how Bitcoin prices will move in the medium term.</p>","level":"easy","meta_title":"What is Metcalfe’s Law? Definition & Meaning | Crypto Wiki","meta_description":"Metcalfe’s Law meaning: Metcalfe’s Law - is a concept explaining the increase in value for every user when a network has a growing amount of users. In essence, it describes the network’s value.","meta_keywords":null,"language":"en","created_at":"2022-04-08T13:44:34.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-metcalfes-law"},"currentChapter":"M","currentSection":"what-is-motoko-programming-language-dfinity","chapterTitle":"M","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-motoko-programming-language-dfinity","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter M

What is Motoko Programming Language (DFINITY)?

Motoko Programming Language (DFINITY) MEANING:
Motoko Programming Language (DFINITY) - is a programming language that enables development on the Internet Computer.
Medium
2 minutes

Let's find out Motoko Programming Language (DFINITY) meaning, definition in crypto, what is Motoko Programming Language (DFINITY), and all other detailed facts.

Motoko Programming Language (DFINITY) is a developer-friendly programming language designed for building smart contracts on decentralized internet. Its vision is to allow skill-diverse developer teams to build a new decentralized application generation that enables swapping and pairing of application components, in addition to being secure and scalable.

This programming language allows developers to create complex software applications that minimize the possibility of exploitation. It does this by providing parity typing.

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.

DFINITY prompted the continued development of the Motoko Programming Language. Currently, it has a variety of features including:

  • A solution to program in a statically-typed language facilitating type interference compiler;
  • Implementation of lexical closures within crucial functions;
  • Simplification of the pattern matching process through the use of algebraic data types;
  • Resource management via automatic memory management;
  • Enforced immutability and referential transparency offer stronger security.

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. 

Moreover, it provides concurrency primitives, data type lists, and sets of abstractions so programmers can create powerful software applications 

What is DFINITY?

DFINITY is a new type of public blockchain 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. 

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 51% attacks. 

Moreover, a new proof-of-stake (PoS) 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. 

What is the Internet Computer?

The Internet Computer is a worldwide system of public computer networks that allows producers to operate general-purpose software while taking a decentralized approach. 

It’s backed by the ICP coin. This coin allows the Internet Computer to cover the network computation and system governance costs.
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