Examples of using Off-chain in English and their translations into Vietnamese
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Flat transactions will process in a traditional manner, off-chain.
The Raiden Network is an off-chain scaling solution, enabling near-instant, low-fee and scalable payments.
Truebit is a technology to help ethereum conduct heavy orcomplex computation off-chain.
There are a number of scaling technologies like sharding and off-chain protocols being researched and implemented.
Including off-chain scaling solutions in their computation of TPS, which leads back to point one: excessive centralization.
In contrast,ethereum's account balance system allows for simpler and less costly off-chain balance updates.
XRP's off-chain processing function is known as Payment Channels and they allow any organization to scale quickly up to 50,000 transactions per second(TPS).
The Chainlink Network consists of two separate parts, on-chain and off-chain, which will have to interact in order to deliver the service.
If a user or entity wants access to off-chain data, they submit a user contract(or requesting contract) to ChainLink's network, and the blockchain processes these requests into their own contracts.
To optimize the transaction cost and performance,all micro transactions are processed off-chain, and only the final stakes are returned to the Ethereum network.
Plasma takes the entirety of the off-chain state, and maintains a fullstate of it, hashed to the root mainnet chain(which has its own set of risk trade-offs, though that's constantly being improved through additional research).
Since blockchain technology is very flexible,the hybrid system means not only on-chain and off-chain environments, but also collaborative(hybrid) development.
While the two largest digital currencies are pursuing off-chain scaling solutions, Lightning Network and Raiden Network, respectively, Dash is endeavoring to keep all transaction data on its Blockchain.
Atomic swaps can take place directly between blockchains of different cryptocurrencies orthey can be conducted off-chain, away from the main blockchain.
Like state channels, Plasma is a technique for conducting off-chain transactions while relying on the underlying ethereum blockchain to ground its security.
After this, they executed a transaction on the Rinkeby testnet, sending the dogecoin to ethereum- and back again- using truebit under the hood,so the normally expensive evidence is executed off-chain, in a much cheaper manner.
Trinity might employ state channeltechnology to enable transactions to be made off-chain at the beginning of 2019, using a multi-signature agreement or smart contract.
As this guide's title spells out, iExec is a platform for decentralized cloud computing, so think IBM or Microsoft cloud services butbroken up into multiple nodes for off-chain computing of blockchain applications.
The last step is bringing to closer to real-time,which hasn't been achieved yet, but off-chain computation, sidechains, and second layer solutions like lightning networks are bringing it closer to a reality.
Layer two tech like the Lightning Network andBlockstream's Liquid network allow transactions to happen off-chain, taking the pressure off the main blockchain.
Bitcoin BTC maximalistshave long counted on the Lightning Network and its off-chain transaction solution to fix the network's increasing scaling issues and exorbitant transfer costs- but it seems this dream might not be as close to reality as the blockchain community wishes.
While an on-chain transaction- usually referred to as simply'a transaction'-modifies the blockchain and depends on the blockchain to determine its validity an off-chain transaction relies on other methods to record and validate the transaction.
EIP 1014: provides an improved approach to networkscaling solutions- Vitalik Buterin has the one based on off-chain transactions and state channels, similar to the Bitcoin Lightning Network, which will automatically improve the network performance.
Plasma also requires a centralized component in order to operate,George continued, as the off-chain component is managed by authorities in order to achieve higher transaction volume.
The new feature introduced through EIP 1014- called“Skinny CREATE2”-is intended to better facilitate off-chain transactions on ethereum by allowing what Ritzdorf describes as“deterministic deployment.”.
Legal personhood can be attained in various ways andnot only allows DAOs to exercise control over off-chain assets but, for example, also allows them to enter into contractual agreements and offer liability protections to participants.
Tapscott says the STO will notjust be a connection to the blockchain representing some off-chain asset, but instead be a native digital asset that can be traded peer-to-peer without custodians, clearinghouses, brokers, exchanges, and banks.
Last year was a good one for Tether, as increased use of the stablecoin drovetransaction volume towards crypto assets backed by off-chain assets(for example, dollars or other fiat currencies), rather than assets that derive their value from on-chain network effects.
This article will briefly introduce the Ethereum Plasma, but keep in mind that Plasma alone is not a project,it is an off-chain scaling technique, or a framework for building scalable applications, which can be implemented in distinct ways by different research groups or companies.