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【行业词典】Linux

Linux, the cornerstone of open-source operating systems since 1991, initiated by Linus Torvalds, has propelled the democratization of technology through open source code, extensive device compatibility, and robust community support. From personal devices to supercomputing and even in the realms of fintech and blockchain, Linux stands as a powerhouse for innovation and security.

Linux

【行业词典】闪电网络

The Lightning Network is a second-layer payment protocol built atop cryptocurrencies like Bitcoin, enabling instantaneous and nearly feeless transactions through the establishment of peer-to-peer micro-payment channels. It alleviates the issues of slow transaction speeds and high fees associated with blockchain transactions, akin to carving an efficient shortcut through the bustling lanes of financial transactions.

Lightning Network

【行业词典】库

Libraries are treasure troves of knowledge in the programming realm, assembling resources such as executable files, documentation, and code snippets—akin to prefabricated building blocks that empower developers to construct applications efficiently, enabling reuse of functionality. While they offer the convenience of a "black box" operation, users are encouraged to delve into the underlying technology, striking a balance between expediency and comprehension.

Library

【行业词典】杠杆代币

Leveraged tokens are an innovative financial instrument that combines blockchain technology and the concept of leverage in traditional finance. They automatically manage leverage effects through smart contracts, simplify operations, and enhance transparency and liquidity.

Leveraged Tokens

【行业词典】账本

The ledger, a medium for documenting financial transactions, has evolved from traditional paper records to modern digital formats, particularly within blockchain technology, transforming into a distributed, highly secure digital record-keeping system that revolutionizes the boundaries of trust and transparency.

Ledger

【行业词典】Layer 2

Layer 2 represents an expansion solution for blockchain technology, akin to constructing overpasses on a congested highway. It dramatically enhances transaction speed through mechanisms like state channels and sidechains while preserving the underlying security, thereby boosting efficiency in cryptographic transactions.

Layer 2

【行业词典】需求法则

The law of demand governs the inverse relationship between the price of a commodity and its market demand, where an increase in price leads to a decrease in demand, and vice versa. This principle not only permeates everyday consumer choices but also significantly influences investment trends in financial markets and emerging technology sectors, including blockchain.

Law of Demand

【行业词典】延迟

Latency, a pivotal performance metric in the realm of blockchain and cryptocurrencies, signifies the timeframe from transaction initiation to its first confirmation. It's not only pivotal for ensuring a seamless user experience in payments but also a determining factor in the race for exchange competitiveness.

Latency

【行业词典】了解你的客户（KYC）

Know Your Customer (KYC) refers to the process by which financial institutions identify and verify the identity of their customers before establishing a business relationship with them, in order to prevent financial crime.

LBank Academy

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