Off-Chain
A transaction that happens outside of the blockchain, making it faster and cheaper to process.
More terms under O
- OHM ForkOHM Forks are new projects that are based on the original code of OlympusDAO, a popular cryptocurrency platform. These forks take the ideas and features of…
- OdyseeOdysee is a platform for sharing and watching videos that doesn't rely on traditional servers, using the LBRY technology to distribute content.
- 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-Chain TransactionAn 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…
- 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,…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.