Second-Layer Solutions
Second-layer solutions are tools created on top of a main blockchain to help it work faster and handle more transactions, especially small ones. Examples include Lightning Network, Plasma, and TrueBit.
More terms under S
- ScriptA script is a set of instructions written in a programming language that tells a computer how to perform specific tasks.
- Scripting Programming LanguageA scripting programming language is a type of programming language that allows you to write code and run it directly without needing to compile it first. It…
- ScryptScrypt is a type of mining algorithm that is different from the one used by Bitcoin. It requires more memory to solve problems, making it harder for…
- Secondary MarketA secondary market is where people can buy and sell assets, like cryptocurrencies, that they already own, trading them with other investors.
- Secure Asset Fund for Users (SAFU)SAFU stands for "Secure Asset Fund for Users." It is an insurance fund created by Binance to protect users' assets in case of emergencies.
- Secure ElementA secure element is a special chip in devices that safely runs certain applications, protecting sensitive information like passwords and private keys.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.