Interested to Buy Any Domain ? << Click Here >> for more details...
Can you make a case for what square measure off-chain transactions?
- 1 Answers
- 8 Views
- I also Faced
- E-Mail Answers
Answer / Pravesh Kumar Singh
Off-chain transactions, also known as off-ledger or sidechain transactions, are useful in situations where the on-chain transactions might be too expensive, slow, or complex. They allow for scalability by reducing the load on the main blockchain and enabling faster transaction processing. Off-chain transactions can be settled later on-chain to maintain security and transparency. For example, smart contracts can handle complex business logic off-chain and only record the outcome on-chain.
| Is This Answer Correct ? | 0 Yes | 0 No |
Why does it cost money to invoke a method on a smart contract?
What is a ledger? Name the common type of ledgers that can be considered by users in blockchain?
What is the hard fork?
What is a node in blockchain?
What is blockchain?
What is a dao recordset?
Which cryptographic algorithm is used in blockchain?
What are the benefits of blockchain to ensure proper safety?
Why is blockchain more trustworthy?
What is the importance of merkle trees in blockchain?
What are the core requirements for a Business Blockchain?
What is geth’s “fast” sync, and why is it faster?
Cryptography Algorithms 
