Crypto Wiki

The Lightning Network is a Layer-2 scaling solution for the Bitcoin blockchain designed to facilitate faster and cheaper transactions by processing them off-chain. 

A ledger in the context of blockchain is a digital record of all transactions that have occurred on a particular blockchain network.

Layer-2 refers to a secondary framework or protocol built on top of an existing Layer-1 blockchain to enhance its scalability, speed, and efficiency. 

Layer-1 refers to the base or foundational blockchain layer in a network architecture. In blockchain technology, Layer-1 refers to the core chain or protocol on which other solutions and applications are built. 

A launchpad in the crypto world is a platform that helps new blockchain projects raise capital by offering early access to their tokens through methods like Initial Coin Offerings (ICOs), Initial DEX Offerings (IDOs), or Initial Game Offerings (IGOs).

LP Tokens, or Liquidity Provider Tokens, are tokens issued to users who provide liquidity to decentralized exchanges (DEXs) like Uniswap or PancakeSwap.

KYC, or Know Your Customer, is a regulatory process that financial institutions and cryptocurrency platforms use to verify the identity of their users.

Impermanent Loss refers to the temporary loss of value experienced by liquidity providers in automated market makers (AMMs) when the price of their deposited assets fluctuates compared to when they initially deposited them.

The Inter-Blockchain Communication (IBC) Protocol is a standard that allows different blockchain networks to communicate and transfer data and assets between each other. 

The InterPlanetary File System (IPFS) is a peer-to-peer distributed file storage system designed to decentralize the way data is stored and shared on the internet.