Off-chain

CoinGecko által | Frissítve ekkor: 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.

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Kapcsolódó kifejezések

Double spending
Double spending refers to the act of spending digital currencies twice. This is most commonly applied on crypto exchanges by unscrupulous actors.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
State Channel
Secondary payment channel occuring off-chain
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