{"id":1497,"date":"2020-01-27T10:56:10","date_gmt":"2020-01-27T18:56:10","guid":{"rendered":"https:\/\/www.opennode.com\/blog\/?page_id=1497"},"modified":"2020-01-27T10:56:11","modified_gmt":"2020-01-27T18:56:11","slug":"off-chain","status":"publish","type":"page","link":"https:\/\/blog.opennode.com\/blog\/glossary\/off-chain\/","title":{"rendered":"Off-chain"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>\n<h1 class=\"wp-block-heading\">Off-chain<\/h1>\n\n\n\n<p>The phrase &#8220;Off-chain&#8221; refers to scalability solutions that exist off of the <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/bitcoin\">Bitcoin<\/a> <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/blockchain\">blockchain<\/a>. These types of transactions include <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/second-layer\">second layer<\/a> solutions like the <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/lightning-network\">Lightning Network<\/a>.<\/p>\n\n\n\n<p>The main reasons that off-chain solutions exist are to:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Reduce load <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/on-chain\">on-chain<\/a><\/li><li>Increase transaction speed\u00a0<\/li><li>Reduce costs<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Links<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><em>Off-chain transactions<\/em> &#8211; <a href=\"https:\/\/en.bitcoin.it\/wiki\/Off-Chain_Transactions\">Bitcoin Wiki<\/a><\/li><li><em>Off-chain transactions<\/em> &#8211; <a href=\"https:\/\/www.investopedia.com\/terms\/o\/offchain-transactions-cryptocurrency.asp\">Investopedia<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span>Off-chain The phrase &#8220;Off-chain&#8221; refers to scalability solutions that exist off of the Bitcoin blockchain. These types of transactions include second layer solutions like the Lightning Network. The main reasons that off-chain solutions exist are to: Reduce load on-chain Increase transaction speed\u00a0 Reduce costs Links Off-chain transactions &#8211; Bitcoin Wiki Off-chain transactions &#8211; Investopedia<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":172,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-notitle.php","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1497","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Off-chain - OpenNode Blog<\/title>\n<meta name=\"description\" content=\"The phrase &quot;Off-chain&quot; refers to scalability solutions that exist off of the Bitcoin blockchain. These types of transactions...\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Off-chain - OpenNode Blog\" \/>\n<meta property=\"og:description\" content=\"The phrase &quot;Off-chain&quot; refers to scalability solutions that exist off of the Bitcoin blockchain. 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