Open/Close
By CoinGecko | Updated on Mar 03, 2020
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day. In general, these terms were more useful in traditional financial markets as there are fixed hours of the day in which trading occurs.
Related Terms
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Protocol
The set of rules in a network in which participating members comply to allow proper communication.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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