Enrich your dictionary with important cryptocurrency terms.
The speeding-up of bitcoin network transactions. This solution is the 'second layer' above the standard Bitcoin network, where transactions can be conducted at low fees.
This is the ability to readily convert certain assets into money. This indicator shows how quickly you will get cash for your assets. Bitcoin has high liquidity just like other cryptocurrencies. In contrast, collecting antiques has low liquidity because its monetization could take a very long time.
One of the oldest cryptocurrencies, modelled on bitcoin, is now a leading altcoin. Due to its numerous similarities to bitcoin (digital gold), litecoin is considered 'digital silver'. The maximum number of LTCs is 84 million, which is four-times the maximum number of Bitcoins. LTC transaction fees are much lower than Bitcoin fees.