Second-Layer Solutions
By CoinGecko | Updated on Mar 03, 2020
A set of solutions built on top of a public blockchain to extend its scalability and efficiency, especially for micro-transactions or actions. Examples include: Plasma, TrueBit, Lightning Network, and more.
Related Terms
Mining Reward
The reward resulting from contributing computing resources to process transactions
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Buy the F***in Dip (BTFD)
An encouraging rally by asset/cryptocurrency supporters to buy during a price decline
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