CryptoTitanGuard
Sat Nov 09 2024
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7 answers
2109
What is an off-chain token?
An off-chain token is a digital asset that exists and is transacted outside of the main blockchain network. It relies on external systems or databases to record and manage its ownership and transactions, rather than being directly stored and verified on the blockchain itself. This approach can offer greater flexibility and scalability but may also introduce additional risks and complexities compared to on-chain tokens.
