Off-chain

- CoinGecko 님 | 업데이트: 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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관련 용어

Liquidity
How easily a cryptocurrency can be bought and sold without impacting the overall market price.
Sell wall
Anomalously large sell order(s) at a single price point that reflects as a "wall" in the order book.
Open/Close
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day.
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
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