Definition of Off-chain

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.

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Related Terms

Portfolio

A portfolio consists all of your current crypto holdings in one place.

QR Code

Abbreviation "Quick Response Code", QR code is a machine readable optical label that stores up to 3Kb of data

Atomic SWAP

Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries.

Distributed Ledger

Ledgers whose data is stored and synced across a network of nodes.

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