Off-chain
By CoinGecko | Updated on Mar 03, 2020
It refers to transactions occuring outside the blockchain and executed instantly. There are number of methods to do off-chain transactions. For example, two interested parties do a transfer agreement. Next, a third party faciliatete the transaction by become the guarantor in it.
Related Terms
Dutch Auction
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price.
When Lambo
An expression used by investors to ask when the value of their investment could buy them a Lamborghini
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
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