What is On-Chain vs Off-Chain?
đ On-Chain = actions recorded on blockchain.
đ„ïž Off-Chain = actions occur outside blockchain.
Examples:
âą On-Chain â Sending ETH, minting NFT
âą Off-Chain â Centralized exchange trades
Benefits of On-Chain:
âą Transparency
âą Security
âą Immutable records
Benefits of Off-Chain:
âą Speed
âą Lower cost
âą Privacy
â Both have use cases â choose based on goals!
â Which do you prefer â On-Chain or Off-Chain trading?