KYC (Know Your Customer)
By CoinGecko | Updated on Nov 15, 2021
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them. It is also a policy the businesses required to implement as part of compliance, usually with Anti-Money Laundering and financial crime.
Related Terms
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Full Pay-Per-Share (FPPS)
FPPS is quite similar to PPS; the only difference is that the pool will additionally pay a transaction fee incentive if the block is identified. FPPS is the same as PPS+.
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
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