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

KYC (Know Your Customer)

KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.

Circulating Supply

An approximation of the number of coins or tokens that are currently not locked and available for public transactions.

Satoshi Nakamoto

The pseudoym used in publishing the Bitcoin Whitepaper. Identity is unknown.

Virtual AMM (vAMM)

The vAMM functions similarly like an AMM but does not contain an actual asset pool.

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