Metadata

Less important information that describes more important information.

Metadata refers to the type of information or detail that is generally used to describe data. The term is more popular around computer applications and development, including algorithms and other less applicable aspects of a computer process. Thus, information about when a program was first executed, where, and by whom is captured as metadata.

Metadata plays important roles in crypto. Even though it does not make trading easier or less difficult, it helps to verify the details of transactions, such as when they were executed.