Difference between revisions of "Off-chain"

From CryptoMarketsWiki
Jump to: navigation, search
 
Line 1: Line 1:
 +
{{Random_adbox}}
 
"Off-chain," as opposed to "[[on-chain]]," is a technical term referring to [[blockchain]] technology. A piece of technology that is "off-chain" is something that affects how a blockchain manages storage space, processes transactions, or similar functions, but exists as an external piece of technology that does not directly influence the blockchain. In other words, an "off-chain" software function is something that "plugs into" a blockchain to improve its technical capabilities - sort of like how an external hard drive or USB stick improves the memory management capabilities of a desktop computer - as opposed to altering the structure and/or function of the blockchain itself. An example of off-chain technology is the [[Lightning Network]].<ref>{{cite web|url=https://hackernoon.com/fraud-proofs-secure-on-chain-scalability-f96779574df|name=Fraud proofs — Secure on-chain scalability|org=Hackernoon|date=April 12, 2019}}</ref>
 
"Off-chain," as opposed to "[[on-chain]]," is a technical term referring to [[blockchain]] technology. A piece of technology that is "off-chain" is something that affects how a blockchain manages storage space, processes transactions, or similar functions, but exists as an external piece of technology that does not directly influence the blockchain. In other words, an "off-chain" software function is something that "plugs into" a blockchain to improve its technical capabilities - sort of like how an external hard drive or USB stick improves the memory management capabilities of a desktop computer - as opposed to altering the structure and/or function of the blockchain itself. An example of off-chain technology is the [[Lightning Network]].<ref>{{cite web|url=https://hackernoon.com/fraud-proofs-secure-on-chain-scalability-f96779574df|name=Fraud proofs — Secure on-chain scalability|org=Hackernoon|date=April 12, 2019}}</ref>
  

Latest revision as of 14:20, 15 October 2019

"Off-chain," as opposed to "on-chain," is a technical term referring to blockchain technology. A piece of technology that is "off-chain" is something that affects how a blockchain manages storage space, processes transactions, or similar functions, but exists as an external piece of technology that does not directly influence the blockchain. In other words, an "off-chain" software function is something that "plugs into" a blockchain to improve its technical capabilities - sort of like how an external hard drive or USB stick improves the memory management capabilities of a desktop computer - as opposed to altering the structure and/or function of the blockchain itself. An example of off-chain technology is the Lightning Network.[1]

References