Bitcoin 2014 – Top predictions

Re:Bitcoin 2014 – Top predictions by ollysb on Monday January 13, 2014 @08:24AM (#7050364)

I was under the impression that all bitcoin transactions were on-chain. How do off-chain transactions work?

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Re:Bitcoin 2014 – Top predictions by aninhumer on Monday January 13, 2014 @09:37AM (#7050754)

A single account holds bitcoin for a group of people, and keeps track of individual balances internally. Externally, all the network sees are deposits and withdrawls.

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Re:Bitcoin 2014 – Top predictions by mithras on Monday January 13, 2014 @08:39AM (#7050434)

All transactions on/within exchanges are off chain.

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