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
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Bloodbath
In context of trading, the term bloodbath is commonly used to describe a market which is on a downtrend with many assets suffering from value depreciation.
Liquidity
The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
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