What is the difference between on-chain and off-chain transactions?
What is the difference between on-chain and off-chain transactions?
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What is the difference between on-chain and off-chain transactions?
Emi Hanado
On-chain transactions: transactions reflected on the public ledger, visible to all participants on the blockchain network
Off-chain transactions: transfer agreements between two or more parties
It is important to note that off-chain transactions are reserved for trusted parties, and typically occur between two individuals.