Off-Chain Transaction
An off-chain transaction is when value is exchanged outside of the main blockchain, often using a separate network or layer to make the process faster and cheaper.
More terms under O
- OdyseeOdysee is a platform for sharing and watching videos that doesn't rely on traditional servers, using the LBRY technology to distribute content.
- Off-ChainA transaction that happens outside of the blockchain, making it faster and cheaper to process.
- Off-Chain GovernanceOff-chain governance is a way of making decisions about a blockchain that happens outside of the blockchain's main code. This means discussions and choices are…
- Off-Ledger CurrencyA currency that is made outside of a specific blockchain but is still accepted and used in transactions.
- Office of the Comptroller of the Currency (OCC)The Office of the Comptroller of the Currency (OCC) is a part of the U.S. Treasury that oversees and regulates national banks, federal savings associations,…
- Offline StakingOffline staking means you can earn rewards for your cryptocurrency without having to keep your device connected to the internet all the time.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.