Second-Layer Solutions
By CoinGecko | Updated on Mar 03, 2020
A set of solutions built on top of a public blockchain to extend its scalability and efficiency, especially for micro-transactions or actions. Examples include: Plasma, TrueBit, Lightning Network, and more.
Related Terms
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.
Open Source
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.