Arbitrage
By CoinGecko | Updated on Mar 03, 2020
A practice of taking advantage of differences in price of the same commodity in two or more markets or exchanges. For example, cryptocurrency prices on Korean exchanges can be different from those on US exchanges. An arbitrage trader would be in both markets in order to buy in one and sell in another for profit.
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Secondary payment channel occuring off-chain
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
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