Second-Layer Solutions

By CoinGecko | Updated on Mar 03, 2020

A set of solutions built on top of a public blockchain to extend its scalability and efficiency, especially for micro-transactions or actions. Examples include: Plasma, TrueBit, Lightning Network, and more.

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Related Terms

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+.

ERC-721

ERC-721 is one of the most widely used token standards in Ethereum to create non-fungible, exchangeable tokens.

Lightning Network

It is the "second layer" or an off-chain of payment protocol that operates on top of a blockchain. Payments on this network do not need block confirmation and it will be instant.

Shitcoin

A coin with no obvious potential value or usage.

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