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
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Degen
Cryptotrading without Due Diligence and research - basically gambling
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Hybrid PoW/PoS
It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.
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