What Is An On-Chain Transaction?by@Philip_Salter
1,246 reads

What Is An On-Chain Transaction?

tldt arrow
Read on Terminal Reader🖨️

Too Long; Didn't Read

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.

People Mentioned

Mention Thumbnail

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - What Is An On-Chain Transaction?
Philip Salter HackerNoon profile picture

@Philip_Salter

Philip Salter

Learn More
LEARN MORE ABOUT @PHILIP_SALTER'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa