Lachesis
The consensus mechanism used by the Fantom blockchain. It is asynchronous, leaderless, and Byzantine fault tolerant, enabling high-speed finality without sacrificing decentralization.
Lambo
A slang term referring to the Lamborghini car, often used as a symbol of financial success from crypto investments.
Large Cap
Refers to established projects or cryptocurrencies with a market capitalization of $10 billion or more. Often considered lower-risk investments due to their size and liquidity.
LARP in Crypto
Short for “Live Action Role Playing,” this term is used when traders or influencers pretend to have insider knowledge or success to manipulate market sentiment.
Laser Eyes
A meme trend where crypto enthusiasts add laser eyes to their profile pictures to signal bullishness on Bitcoin, especially during price rallies.
Law of Accelerating Returns
A concept from futurist Ray Kurzweil, suggesting that technological progress is exponential rather than linear, often referenced in blockchain and AI discussions.
Layer 0
The foundational network layer beneath blockchains. It includes protocols and infrastructure that support interoperability, consensus, and communication between Layer 1 chains.
Layer 1 Blockchain
The base blockchain layer, such as Ethereum or Bitcoin. Upgrades or changes at this layer impact the entire protocol.
Layer 2
A scaling solution built on top of a Layer 1 blockchain, designed to increase throughput and reduce costs while inheriting Layer 1 security.
Leased Proof of Stake (LPoS)
A consensus mechanism where token holders can lease their tokens to nodes, allowing them to participate in securing the network and earn rewards.
Ledger
A secure record of transactions, typically immutable. Blockchains are a form of distributed ledger technology (DLT).
Leverage
Borrowed funds used to amplify the size of a trading position. In crypto, leverage increases both potential profits and risks.
Leveraged Tokens
Tokens that provide a built-in leveraged position on an asset, such as 3x long or 3x short Bitcoin, without needing to manage collateral or liquidation.
libp2p
A modular network stack used for peer-to-peer applications. It powers protocols like IPFS and contributes to decentralized communication.
Light Node
A lightweight version of a full node that stores only essential blockchain data. It verifies transactions by communicating with full nodes.
Lightning Network
A Layer 2 protocol built on top of Bitcoin that enables instant and low-cost transactions through off-chain payment channels.
Limit Order
An instruction to buy or sell an asset at a specific price or better. Limit orders offer price control but do not guarantee execution.
Limit Order/Limit Buy/Limit Sell
Predefined order types where traders set the price at which they want to buy (Limit Buy) or sell (Limit Sell) a cryptocurrency.
LINK (Chainlink)
The native token of the Chainlink network. It is used to pay for oracle services that bring off-chain data into smart contracts.
Liquid Market
A market with high trading volume and tight spreads, allowing assets to be bought or sold quickly without significant price impact.
Liquid Proof of Stake (LPoS)
A flexible version of Proof of Stake that allows users to stake assets and still retain access or trade them through derivatives.
Liquid Staking
A mechanism that lets users stake tokens while receiving a liquid token that can be used in DeFi, preserving yield and liquidity.
Liquid Staking (Fantom)
Fantom’s staking mechanism that enables longer staking durations in exchange for higher rewards and yield strategies.
Liquid Staking Derivatives (LSDs)
Tokens representing staked assets, allowing them to be traded or used across DeFi protocols without unbonding the underlying stake.
Liquidation
The process of selling off assets to meet obligations. In leveraged crypto trading, this occurs when collateral falls below required levels.
Liquidity
A measure of how easily an asset can be converted into cash without significantly affecting its price.
Liquidity Bootstrapping Pool (LBP)
A dynamic liquidity pool that adjusts token weights over time to minimize price manipulation and maximize fair distribution.
Liquidity Hooks
Plugins or smart contract modules that enhance liquidity behavior by integrating advanced capital strategies into trading pools.
Liquidity Mining
A DeFi mechanism where users provide liquidity to protocols in exchange for token rewards, often as part of incentive programs.
Liquidity Pool
A smart contract holding pairs of assets used in automated market makers (AMMs) to facilitate decentralized trading.
Liquidity Provider
An individual or entity that supplies tokens to a liquidity pool, earning a share of transaction fees and rewards.
Liquidity Provider Tokens (LP Tokens)
Tokens issued to liquidity providers as proof of their contribution. These tokens can often be staked or traded themselves.
Liveness
A system property that guarantees ongoing transaction processing and data availability, crucial for resilient blockchains.
LMD GHOST
An Ethereum consensus algorithm used in proof-of-stake to determine the head of the chain based on validator votes and finality.
Loan-to-Value (LTV)
A risk metric used by lending platforms to assess the ratio of a loan to the collateral’s value. A lower LTV means lower risk.
Location Swap
A token-based process that lets users change the claim or ownership of an asset without affecting its other properties.
Long
A position in which a trader buys an asset expecting its price to rise over time.
Longing (Long Position)
A strategy where an investor buys and holds an asset, aiming to sell it later at a higher price for profit.
Lovelace
The smallest unit of ADA, the native token of Cardano. One ADA equals 1,000,000 Lovelace.
Lower High
A chart pattern indicating a trend reversal or bearish sentiment. Each high is lower than the previous one.
Lower Low
A technical indicator where the asset price closes lower than previous lows, suggesting downward momentum.