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
Satoshi
A unit measure for the smallest divisible unit of a bitcoin. 1 bitcoin is equal to 100 Million Satoshi.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (Zk-Snarks)
An acronym for Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, zk-SNARKs refers to a protocol where one can prove posession of a given piece of information (eg a string or hash) without revealing that information and also without any interaction between both the prover & verifier.
Whitepaper
An introductory paper to consicely explain an issue and a possible solution on the issue.
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