Over The Counter (OTC)
By CoinGecko | Updated on Mar 03, 2020
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties. Some reasons why people opt for OTC is some coins are too small to be listed on exchanges or the cryptocurrencies are banned in certain jurisdiction.
Related Terms
Application-Specific Integrated Circuit (ASIC)
Refers to specialized computers that are made to do a very specific task (eg. calculate hashes for Bitcoin's Proof-of-Work)
Crypto Bubble
It is a speculation in the cryptocurrencies and the price of cryptocurrencies would go extremely high before the bubble bursts.
Scrypt
one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
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