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
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Bounty
Public tasks available for anyone for a reward
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Do Your Own Research (DYOR)
An advice for investors to do their own research on the coins they wanted to invest in
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.