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
Fear, Uncertainty and Doubt (FUD)
A strategy to dissuade people from buying a particular cryptocurrency by spreading false information
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
Variable Buy/Sell Tax
On-chain buy sell tax rate that is not fixed, whereby it is possible for contract owners to change at will.
Private Keys
The alphanumeric string which allows transactions from the cryptocurrency address
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