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Off-chain

Off-chain refers to transactions or data processing that occurs outside of the main blockchain network, but is still connected to it. Off-chain transactions allow for faster and more scalable processing of transactions, as they do not require the validation and confirmation of every node on the blockchain network. This is achieved by performing transactions between two parties directly, and only recording the final state of the transaction on the blockchain. An example of off-chain transactions is the Lightning Network, which is a layer-2 solution built on top of the Bitcoin blockchain. Trading bots can use off-chain solutions to improve transaction speed and efficiency.

  • Order Book
    An order bookAn order book on a cryptocurrency exchange is a list of buy and sell orders for a specific cryptocurrency, showing the quantity of the cryptocurrency... More on a cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... […]
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  • Cryptocurrency
    CryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchain... More is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies use decentralized technology called blockchainThe blockchain is a digital ledger […]
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  • Ask Price
    In trading, the ask priceIn trading, the ask price is the price a seller is willing to accept for an asset, such as a cryptocurrency, security, or commodity. It... More is the price a seller is willing to accept for an asset, such as a cryptocurrencyCryptocurrency is a digital or virtual currency that uses cryptography […]
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