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
Gas
A unit of measurement of the computational effort in conducting transactions or smart contracts on Ethereum blockchain.
Batch Auction
A Batch Auction distributes an amount of tokens to users that is proportional to their contribution to the pool.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
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.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.