Blockchain Transactions: On-chain vs. Off-chain EXPLAINED

Blockchain Transactions: On-chain vs. Off-chain EXPLAINED

HomeCoinGeckoBlockchain Transactions: On-chain vs. Off-chain EXPLAINED
Blockchain Transactions: On-chain vs. Off-chain EXPLAINED
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In the world of cryptocurrency, there are two main types of transactions: on-chain and off-chain. On-chain transactions take place directly on the blockchain, while off-chain transactions take place outside the blockchain.

But what exactly is the difference between them? Let's find out in this video!

Left:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/

Timestamps:
00:00 Introduction
00:16 What are transactions in the chain
00:45 Advantages and disadvantages of transactions via the chain
01:23 Example of transactions in the chain
01:43 What are off-chain transactions
02:30 Advantages and disadvantages of off-chain transactions
03:12 Example of off-chain transactions
03:40 Off

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