Merkle Tree
By CoinGecko | Updated on Mar 03, 2020
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Related Terms
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.
Securities and Exchange Commission (SEC)
U.S. Securities and Exchange Commission, an independant agency of the US Federal government which oversees federal securities laws, proposing securities rules, and regulating the securities industry.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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