Companies that present accounts can switch notional quantities of cash between two of their prospects, debiting one prospects account and crediting a second buyer’s account. They’ll do that with out utilizing the Bitcoin community. With out utilizing the Web (so offline in that sense). All they’re doing is altering some numbers in their very own laptop, separate from everybody else.
An off-chain transaction is one that’s not recorded within the Blockchain. For instance, a Bitcoin transaction within the Lightning Community just isn’t recorded within the blockchain so is off-chain however it’s on-line not offline – as a result of it includes knowledge communication between a number of events throughout the Web.
| on-chain | off-chain | |
|---|---|---|
| on-line | bitcoin | lightning |
| offline | not potential | change customer-customer |
The intersection of two of some ways of categorising transactions denominated in Bitcoin.
