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For "crypto" transactions, on-chain is no longer seen as a stringent requirement. In fact, the entire DeFi ecosystem wouldn't exist if there wasn't a cryptograp
by ignoramous 5y ago
For "crypto" transactions, on-chain is no longer seen as a stringent requirement. In fact, the entire DeFi ecosystem wouldn't exist if there wasn't a cryptographically-secure way of doing transactions off-chain on second-level chains (0x, Polygon, Compound etc) or on chain of chains (Polkadot, Cosmos, Kava etc), or on chains built for payments (Celo, Diem, Stellar etc).
Beside, Orchid.com whitepaper talks about doing nanopayments on-chain, which is quite a radical approach.
- thehappypm 5y agoSure, if you put a layer on top, you can do whatever you want! It just adds more centralization, which isn't better than something like a Venmo that would be based on fiat.
- ignoramous 5y agoNot all off-chain layers are centralised.