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..
Related Terms
Order Book
An electronic list of all buy and sell orders in an exchange
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Full Node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
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