Dutch Auction
By CoinGecko | Updated on Sep 01, 2021
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price. This style of auction allows users to enter only when the price matches their desired comfort level.
Related Terms
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
PFP
It means both 'profile pic' and 'picture for proof'.
Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Dominance
Typically refers to Bitcoins' market capitalization dominance.
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