What are off-chain transactions

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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, 2019 in Blockchain by Firoz
 • 1,376 views

1 answer to this question.

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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 13, 2019 by Omkar
 • 69,220 points

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