Question

What is off-chain data?

Answer 1

Off-chain data refers to information that is processed and stored outside of the main blockchain network. This data is usually handled by secondary networks or systems that interact with the blockchain but do not store all the information on the main chain. Off-chain data can help reduce transaction costs and increase scalability by offloading some of the processing work from the main blockchain.

Answer 2

Off-chain data refers to any data that is not stored or processed on the main blockchain network. It is information that is stored and managed outside of the blockchain itself, typically in centralized databases or other off-chain solutions. Off-chain data is used to reduce the burden on the blockchain network, improve scalability, and enhance privacy for certain applications.