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
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Address Delegation
Delegation of a wallet's stake to a Super Staker
Degen
Cryptotrading without Due Diligence and research - basically gambling
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
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