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Off-Chain A succinct definition of Off-Chain Off-ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYOFF-CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinOff-ChainOff-chain refers to transactions or activities that occur outside the blockchain. Off-chain solutions are often explored to address scalability, speed, and cost issues associated with on-chain transactions; common off-chain mechanisms include payment channels, sidechains, off-chain governance, and state…
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Private Chain A succinct definition of Private Chain Private ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPRIVATE CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPrivate ChainPrivate chains differ from public chains because they use a central entity that governs the network. Participants in this type of blockchain technology normally require permission from the administrator to read, write, or audit the blockchain. Hence, private chains are known as ‘ma…
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Cross-Chain A succinct definition of Cross-Chain Cross-ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYCROSS-CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinCross-ChainCross-chain creates interoperability, allowing for an exchange of information to jump between different blockchains. This type of technology is vital to make an intertwined network of systems, as it operates independently from the platforms that blockchains connect to.Decentralised finance (De…
Public Chain A succinct definition of Public Chain Public ChainLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYPUBLIC CHAINCopy linkShare on TwitterShare on FacebookShare on LinkedinPublic ChainOn a public blockchain, anyone is free to join, and there are no restrictions when it comes to participating. It is a decentralised system in which no single entity controls the network. Instead, all users within a public chain have equal rights. This includes access to read the ledger, a…
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…It aims to massively scale the Web3 user community by providing builders with the ability to instantly port apps and crypto assets from other chains with low cost, high throughput, and fast finality. EVM Compatability Cronos is powered by Ethermint, which allows for the rapid porting of apps and smart contracts from Ethereum and Ethereum Virtual Machine (EVM)-compatible chains. Built with the Inter-Blockchain Communication Protocol (IBC) from day one, Cronos allows for interoperability and bri…
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…Instead, atomic swaps allow users to directly trade their tokens on a peer-to-peer (P2P) basis, ensuring that transactions are either completed in full or not initiated at all. Relays Relays are another approach to cross-chain technology that enables blockchain networks to monitor transactions and events occurring on other chains. Relays work on a chain-to-chain basis, allowing a single contract to act as a central client for multiple nodes on different chains. This enables the relay to verify t…
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…Instead, atomic swaps allow users to directly trade their tokens on a peer-to-peer (P2P) basis, ensuring that transactions are either completed in full or not initiated at all. Relays Relays are another approach to cross-chain technology that enables blockchain networks to monitor transactions and events occurring on other chains. Relays work on a chain-to-chain basis, allowing a single contract to act as a central client for multiple nodes on different chains. This enables the relay to verify t…
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Ethereum vs Ethereum Classic — What Is the Difference? They may share the name, but Ethereum and Ethereum Classic are different in many ways. Here’s a comparison of both chains. Ethereum vs Ethereum Classic — What Is the Difference?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYEthereum5 May 2023|INTERMEDIATE|6 MIN READEthereum vs Ethereum Classic — What Is the Difference?They may share the name, but Ethereum and Ethereum Classic are different in many ways. Here’s a…
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Non-Fungible Tokens: 7 Uses of NFTs Beyond Art NFTs can be used for more than just collectibles and art, such as real estate, supply chain, and intellectual property. Learn about NFTs here. Non-Fungible Tokens: 7 Uses of NFTs Beyond ArtLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYNFT2 Jun 2025|BEGINNERS|4 MIN READNon-Fungible Tokens: 7 Uses of NFTs Beyond ArtNFTs can be used for more than just collectibles and art, such as real estate, supply chain, and intellectual propert…
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On-Chain vs Off-Chain Cryptocurrency Transactions: What Is the Difference? Learn the differences between on-chain and off-chain cryptocurrency transactions and how they work on the blockchain. On-Chain vs Off-Chain Cryptocurrency Transactions: What Is the Difference?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain5 Jan 2024|INTERMEDIATE|5 MIN READOn-Chain vs Off-Chain Cryptocurrency Transactions: What Is the Difference?Learn the differences between on-chain and off-c…
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