What are off-chain transactions

0 votes
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
 • 1,365 views

1 answer to this question.

0 votes

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

Related Questions In Blockchain

0 votes
1 answer

What are the differences between chain and state database in hyperledger fabric?

There are two place which "store" data ...READ MORE

answered Jul 11, 2018 in Blockchain by Shashank
 • 10,400 points • 2,365 views
+2 votes
1 answer

What are the difference between various Hyperledger Projects?

Hyperledger incubates a plethora of business blockchain ...READ MORE

answered Mar 26, 2018 in Blockchain by Perry
 • 17,100 points • 1,459 views
+4 votes
4 answers

What are the implementations of IBM blockchain?

IBM is an open source community of ...READ MORE

answered Mar 30, 2018 in Blockchain by Christine
 • 15,790 points • 1,133 views
+1 vote
1 answer

What are the differences between the hyperledger and Blockchain?

To answer your first query.. Blockchain is ...READ MORE

answered Apr 5, 2018 in Blockchain by anonymous
 • 4,205 views
0 votes
1 answer

Truffle tests not running after truffle init

This was a bug. They've fixed it. ...READ MORE

answered Sep 11, 2018 in Blockchain by Christine
 • 15,790 points • 1,922 views
0 votes
1 answer

Hyperledger Sawtooth vs Quorum in concurrency and speed Ask

Summary: Both should provide similar reliability of ...READ MORE

answered Sep 26, 2018 in IoT (Internet of Things) by Upasana
 • 8,620 points • 1,451 views
0 votes
0 answers

How to add a new organisation to an existing channel in hyperledger fabric without creating a new node/peer for that organisation. Can we add a organisation which does not contain any nodes?

May 2, 2019 in Blockchain by anonymous
 • 5,126 views
+1 vote
1 answer

Protocols used in a distributed/dlt system for the nodes to establish communication

yes all are over TCP/IP connections secured ...READ MORE

answered Aug 6, 2018 in Blockchain by aryya
 • 7,460 points • 1,426 views
+15 votes
2 answers

What are the various blockchain smart contracts platforms?

While Ethereum is the most popular platform ...READ MORE

answered Mar 27, 2018 in Blockchain by Johnathon
 • 9,090 points • 1,193 views
+1 vote
7 answers

What are the advantages and limitations of hyperledger composer over fabric?

While hyperledger composer is a set of ...READ MORE

answered Apr 8, 2018 in Blockchain by Perry
 • 17,100 points • 3,700 views
webinar REGISTER FOR FREE WEBINAR X
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP
"PMP®","PMI®", "PMI-ACP®" and "PMBOK®" are registered marks of the Project Management Institute, Inc. MongoDB®, Mongo and the leaf logo are the registered trademarks of MongoDB, Inc.