Dominance
By CoinGecko | Updated on Mar 03, 2020
In the cryptocurrency world, dominance commonly refers to the measure of how dominant a particular cryptocurrency is relative to the others for a given parameter.
One example is the Bitcoin market capitalization dominance, which measures Bitcoins market capitalization % relative to other measured cryptocurrencies. Dominance can also be applied on trading volume, or any other measurable metrics.
Related Terms
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Non-Fungible Tokens (NFT)
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.