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What Is An On-Chain Transaction?by@Philip_Salter
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1,251 reads

What Is An On-Chain Transaction?

by Philip Salter4mSeptember 20th, 2019
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An on-chain transaction is any native transfer of value within a blockchain network. Bitcoin Cash uses eight-megabyte blocks to fit many more transactions into one unit of work. The number of transactions is fundamentally limited, working out to be between three and five per second. Bitcoin is commonly presented as a geographically agnostic payments system capable of serving the world, but it had a significant bandwidth issue holding it back from widespread adoption and casual use cases. On-chain transactions are supposed to occur in real time in order to keep blockchain transactions secure and transparent.

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Philip Salter

Philip Salter

@Philip_Salter

Philip Salter is the head of mining operations at Genesis Mining.

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Philip Salter@Philip_Salter
Philip Salter is the head of mining operations at Genesis Mining.

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