Blockchain Transactions: On-Chain vs Off-Chain EXPLAINED

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  • Опубліковано 12 січ 2025

КОМЕНТАРІ • 30

  • @CoinGecko
    @CoinGecko  2 роки тому +2

    Which type of transactions do you use the most? Is it on-chain or off-chain?🔎

    • @foodVloggerO
      @foodVloggerO 2 роки тому

      In chain

    • @leesweets4110
      @leesweets4110 2 роки тому

      Kind of grouped and conflated the two kinds of off-chain, didnt you? Do you have a video detailing the difference? Your first kind seems to still just be on-chain, just a different chain. Your second kind is.... entirely offline?

    • @nitemare1525
      @nitemare1525 Рік тому

      On chain for me been doing since 2010

    • @AdelowoNiyi
      @AdelowoNiyi 9 місяців тому

      toad gang $TOBY the cutest frog

    • @1.9.7.5.
      @1.9.7.5. 2 місяці тому

      Ça coche

  • @allmancc
    @allmancc 2 роки тому +1

    On chain, security is the number one priority!

  • @gzgreyzone
    @gzgreyzone 4 місяці тому +2

    Can you guys help me please? Cause i don't fully understand yet, from what i catch is something like this
    CEX transaction is off chain
    DEX transaction is on chain
    But please correct me if I'm wrong
    From CEX to CEX = off chain
    From DEX to DEX = on chain
    But how about
    From DEX to CEX = ?
    Or
    From CEX to DEX = ?

    • @Genesis--mq6wh
      @Genesis--mq6wh 4 місяці тому

      Internet Computer is the only 3rd generation fully on chain blockchain. ua-cam.com/video/_WIwwgld8Tg/v-deo.htmlsi=3EAAjxbjGZ-bCoUa

  • @VictoriaRichard-i3e
    @VictoriaRichard-i3e Рік тому +2

    Please how can i fix this error i'm getting whenever i try to send out BTC ''Oops! Something went wrong while executing the BTC on-chain transaction'' blockchain

    • @BlairBrachle
      @BlairBrachle 14 днів тому

      Sorry to disturb, but could you help me with this issue? In my OKX wallet, I hold USDT TRX20 and the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How can I send it to EXMO?

  • @anderigs
    @anderigs 2 роки тому +1

    it kind of depends: if I am doing defi (regular, smaller transactions - more similar to my credit card) then offchain but if I am transferring some newly purchased digital gold (bitcoin) then I would prefer onchain. I think there are two specific use cases and both equally valid.

    • @BlairBrachle
      @BlairBrachle 14 днів тому

      Excuse me, could you offer me some help with this? OKX wallet has USDT TRX20 alongside my recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ]. How do I transfer it to EXMO?

    • @BlairBrachle
      @BlairBrachle 14 днів тому

      Hey, I don’t want to be a bother, but could you assist me? My OKX wallet contains USDT TRX20 and I have the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ] How do I send it to EXMO?

  • @nitemare1525
    @nitemare1525 Рік тому

    I use the lightning network to use sats as money so off chain for me layer 2 solutions, doesn't bloat the blockchain only using the blockchain to settle the payment

  • @periccoma
    @periccoma 2 роки тому

    On chain works for me. I think it's more secured and than off chain.

  • @darkgalaxy5548
    @darkgalaxy5548 Рік тому +7

    Not your keys, not your bitcoin

  • @BlairBrachle
    @BlairBrachle 14 днів тому

    What a great video! I left a like. Could anyone help me with this? my OKX wallet holds USDT TRX20, and the phrase is (clean party soccer advance audit clean evil finish tonight involve whip action). How can I send it to EXMO?

  • @CryptoBoost-d5y
    @CryptoBoost-d5y Місяць тому

    USDT software in 2024 is next-level tech!

  • @Thomas.5020
    @Thomas.5020 2 роки тому

    Transactions of any meaningful value, always on chain.

  • @klondt
    @klondt День тому

    Great video, but the background music is extremely distracting and intrusive, and it's so repetitive it becomes a nuisance. Ugh! If I want to listen to music, I’ll go to Spotify...

  • @BitSafe-t4f
    @BitSafe-t4f Місяць тому

    The future of finance includes USDT p2p trading!

  • @LuchadorMasque
    @LuchadorMasque 2 роки тому +1

    Wait. 3rd party?

  • @JemalReshad
    @JemalReshad 6 місяців тому

  • @foodVloggerO
    @foodVloggerO 2 роки тому

    First view

    • @CoinGecko
      @CoinGecko  2 роки тому +2

      Thanks for watching 🙌🏻