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
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Utility Token
cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
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