UTC Time
By CoinGecko | Updated on Mar 03, 2020
UTC-time is the time standard used to internationally denote time. In the context of the cryptocurrency industry, due to its decentralized nature, companies and consumers are located all over the world each using different time zones. Using a standardized timing makes it less possible for cause confusion.
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Related Terms
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Wei
The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.
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