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HomeGlossaryLightning Network

Lightning Network

By CoinGecko | Updated on Mar 03, 2020
It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. It works on a peer-to-peer platform. The layer depends on bidirectional payment channels that do not need block confirmation and the payment will be instant..

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Related Terms

Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
Stale Block
Double mined blocks that are not included in the blockchain.
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Non-Fungible Tokens (NFT)
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value
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