What is Lightning Network

The Lightning Network is a blockchain transaction-speeding mechanism. Lightning networks are off-chain layers that are created on top of primary chains. The current Bitcoin lightning network was first proposed in 2015. The Lightning Network layer-2 protocol speeds up peer-to-peer payments by creating a network of bidirectional channels on a separate network of nodes that connects with the main chain. Lightning networks keep funds safe by generating multi-signature addresses with signed balance sheets that hold the funds of users. Two parties deposit funds at the designated addresses and conduct transactions with one another, the contents of which are recorded and signed on the relevant balance sheet. These transactions are kept off-chain until the channel is closed, at which point the remaining money is processed as a single transaction on the main chain The funds are then released from the address based on the current balance sheet. This process turns multiple small transactions into a single transaction on the blockchain.

ക്രിപ്റ്റോ കാലാവധി

Blockchain

A blockchain is a subset of a distributed database. The Bitcoin inventors originally prototyped the system in 2008. This modern database is made up of separate blocks that are connected together in a chronological chain. Blockchains may be used to store a wide range of data types. It has mostly been utilized as a public ledger for bitcoin transactions to date. A peer-to-peer network comprised of independent nodes uses a consensus process to ensure the blockchain's security and legitimacy. Each node in the network keeps a public and immutable copy of the data.

പൂർണ്ണ വ്യാഖ്യാനം
2 Factor Authentication (2FA)

2 Factor Authentication is a security measure with two layers. It is used by the majority of cryptocurrency exchanges. To log in, you must provide not only a password, but also a code obtained, for example, from the Google authenticator.

പൂർണ്ണ വ്യാഖ്യാനം
Airdrop

An airdrop is a method of distributing coins. End users can typically obtain coins for free or in exchange for doing a small task, such as subscribing to a newsletter, sending a tweet, or inviting others via a personal affiliate link. Cryptocurrency airdrops — the act of depositing cryptocurrency into public crypto wallets — are utilized as a marketing, liquidity creation, and network bootstrapping technique for many different types of blockchain initiatives.

പൂർണ്ണ വ്യാഖ്യാനം
Altcoin

Altcoin - "alternative coin" - is any kind of digital currency other than Bitcoin. Since the launch of Bitcoin, the world's first digital currency, many altcoins (as well as supporting blockchains) have been created. Altcoin digital currencies share many similarities to Bitcoin, but consistently and have significant differences. There are about 20,000 altcoins, and this number is expected to grow significantly in the coming years. Altcoins often develop Bitcoin features. Ethereum, currently the most widely used blockchain, supports digital contracts and separate applications where Bitcoin does not. Altcoins are also often created to cater to the needs of different users. The Litecoin blockchain, for example, can process payments quarterly for the duration of Bitcoin.

പൂർണ്ണ വ്യാഖ്യാനം
Cold Storage

Cold storage is the way to store cryptocurrency offline.  The word refers to the use of offline wallets that are not connected to the internet. Cold storage is the most secure way to keep cryptocurrencies since an offline currency becomes less likely to be hacked and stolen. Paper wallets, printed renditions of private keys, and offline hardware and software wallets are all examples of cold storage.

പൂർണ്ണ വ്യാഖ്യാനം
ക്രിപ്റ്റോ വാർത്തകൾ
ക്രിപ്റ്റോ വിവരം
ക്രിപ്റ്റോ വില പ്രവചനങ്ങൾ
ക്രിപ്റ്റോ FAQ