Home Breadcrumb Separator Cryptocurrency Glossary

Long

Purchasing a coin with the expectation to sell it at a higher price sometime in the future for a profit. Basically profiting from the rising price of an asset.

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KYC

Know Your Customer. Information gathered by cryptocurrency exchanges in compliance with AML (Anti Money Laundering) laws.

Lightning Network

A network layer that functions on top of the Bitcoin blockchain and allows for a huge number of low-fee microtransactions.