Difference Between Offchain & Onchain In Crypto?

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Doctor Haidar Staff asked 2 months ago

Hi, Can Someone Explain The Difference Between Offchain And Onchain In Cryptocurrency?

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Doctor Haidar Staff answered 2 months ago

Onchain Means Transactions Are Recorded Directly On The Blockchain, Ensuring Transparency, And Decentralization But Often Slower And Costlier. Offchain, On The Other Hand, Stores Data Outside The Blockchain, Offering Faster Processing And Lower Costs But Reducing Transparency.