🔥 Out Now 🔥 Our Q1 2021 Crypto Report is fresh off the press! Read it first and understand the state of cryptocurrency in the first quarter of 2021 - from the rise of NFT to $2 trillion crypto market cap and much more! 🔎
EN
Language
Help
coingecko candy jar
Portfolio New Beam (beta) Price Alert Login and Security Subscription Sign Out
Login Sign Up
Search
HomeGlossaryOff-chain

Off-chain

By CoinGecko | Updated on Mar 03, 2020
It refers to transactions occuring outside the blockchain and executed instantly. There are number of methods to do off-chain transactions. For example, two interested parties do a transfer agreement. Next, a third party faciliatete the transaction by become the guarantor in it.

Share this with a friend!

Related Terms

REKT
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Liquid Proof of Stake (LPoS)
A proof of stake consensus mechanism by Tezos that slightly differs from Delegated Proof of Stake
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.
coingecko (thumbnail mini)
CoinGecko for iOS
Install
coingecko (thumbnail mini)
CoinGecko for Android
Install