What are off-chain transactions?

0 votes
I thought all the transactions with Blockchain applications happen on-chain. But I was reading a blog and so that there was something mentioned as "off-chain transaction". What is this? I thought all transactions were made on-chain.
Feb 12 in Blockchain by Firoz

1 answer to this question.

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
0 votes

An off-chain transaction is the movement of value outside of the blockchain. Off-chain transactions usually happen between two trusted parties because there is not much security for data. Some method used for off-chain transactions are:

  • Payment chains
  • Credit-based solutions
  • Trusted 3rd parties
answered Feb 12 by Omkar
• 65,850 points

Related Questions In Blockchain

0 votes
1 answer
+2 votes
1 answer

What are the difference between various Hyperledger Projects?

Hyperledger incubates a plethora of business blockchain ...READ MORE

answered Mar 26, 2018 in Blockchain by Perry
• 16,450 points
+4 votes
3 answers

What are the implementations of IBM blockchain?

IBM is an open source community of ...READ MORE

answered Mar 29, 2018 in Blockchain by Christine
• 15,790 points
+1 vote
1 answer

What are the differences between the hyperledger and Blockchain?

To answer your first query.. Blockchain is ...READ MORE

answered Apr 5, 2018 in Blockchain by anonymous
0 votes
1 answer

Truffle tests not running after truffle init

This was a bug. They've fixed it. ...READ MORE

answered Sep 11, 2018 in Blockchain by Christine
• 15,790 points
0 votes
1 answer
+15 votes
2 answers

What are the various blockchain smart contracts platforms?

While Ethereum is the most popular platform ...READ MORE

answered Mar 26, 2018 in Blockchain by Johnathon
• 9,050 points
+1 vote
7 answers

© 2018 Brain4ce Education Solutions Pvt. Ltd. All rights Reserved.
"PMP®","PMI®", "PMI-ACP®" and "PMBOK®" are registered marks of the Project Management Institute, Inc. MongoDB®, Mongo and the leaf logo are the registered trademarks of MongoDB, Inc.