Lightning Network
By CoinGecko | Updated on Mar 03, 2020
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. It works on a peer-to-peer platform. The layer depends on bidirectional payment channels that do not need block confirmation and the payment will be instant..
Related Terms
Dutch Auction
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Goblin Town
A term used to describe the market's persistent downtrend, synonymous with "bear market".
YTD
Acronym for Year-to-date
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