Side Chain
By CoinGecko | Updated on Mar 03, 2020
A blockchain ledger that runs in parallel to a primary blockchain, where there is a two-way link between the primary chain and sidechain. This allows the sidechain to operate independently of the primary blockchain, using their own protocols or ledger mechanisms. Cryptocurrencies in the sidechain is connected to the main chain with the two-way peg, allowing users to transfer their assets to and fro.
Related Terms
Bull Market
A bull market indicates the direction of the market going in an upward trend.
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Crypto Bubble
It is a speculation in the cryptocurrencies and the price of cryptocurrencies would go extremely high before the bubble bursts.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
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