Futures
By CoinGecko | Updated on Mar 03, 2020
A futures contract is a form of derivative financial instrument. It repesents an agreement to buy or sell a particular underlying asset/commodity at a predetermined price and at a specified time in the future.
Compared to options which provides one of the parties involved with the rights but not obligations to transact, futures repesent an obligation to transact based on the pre-determined parameters.
Related Terms
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Virtual AMM (vAMM)
The vAMM functions similarly like an AMM but does not contain an actual asset pool.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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