State Channel
By CoinGecko | Updated on Mar 03, 2020
A second-layer solution to allow payments to be performed off-chain.
Related Terms
Hybrid PoW/PoS
It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Gas Limit
A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.
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