What Is An Off-Chain Transaction?

Written by Philip_Salter | Published 2019/09/20
Tech Story Tags: blockchain | how-do-crypto-transactions-work | off-chain-transactions | bitcoin | latest-tech-stories | lightning-network | second-layer | layer-two-solution-blockchain

TLDR Satoshi Nakamoto’s public unveiling of Bitcoin in January 2009 permanently changed the intersection of money and the internet. With such a strong foundation of new financial technology laid in a completely open-source fashion, it wasn’t long before legions of new currencies were launched to different ends. People find the limits of an existing technology, they inevitably look for ways to improve it. The Bitcoin blockchain unlocks a new paradigm for sending and receiving money, but those wanting to use it as an everyday mainstream payments solution only feel friction.via the TL;DR App

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Written by Philip_Salter | Philip Salter is the head of mining operations at Genesis Mining.
Published by HackerNoon on 2019/09/20