On-Chain & Off-Chain Transactions
On-Chain
Are classic transactions that take place right inside the blockchain. They are checked and confirmed by the required number of network participants, after which the information is recorded in the next block and transmitted to all available nodes in the system.
Transaction is confirmed in Blockchain
Information is recorded in the blockchain
Does not take commission for the enter from the sender.
“User A Enterprise 1” pays only blockchain commission.
Transaction is confirmed in Blockchain
Information is recorded in the blockchain
Does not take commission for the enter from the sender.
“User A Enterprise 1” pays only blockchain commission.
Transaction is confirmed in Blockchain
Information is recorded in the blockchain
Does not take commission for the enter from the sender.
“User A Merchant 1” pays only blockchain commission
Transaction is confirmed in Blockchain
Information is recorded in the blockchain
Does not take commission for the enter from the sender.
“User A Enterprise 1” pays only blockchain commission.
Transaction is confirmed in Blockchain
Information is recorded in the blockchain
Does not take commission for the enter from the sender.
“User A Enterprise 1” pays only blockchain commission. Not Supported
Off-Chain
Represents the in-house technology of B2BinPay, where funds take place outside the blockchain. Thanks to this approach, transactions are much faster, fees are reduced.
Transaction is processed internally with B2BinPay system
Does not take commission for the enter from the sender.
Transaction is processed internally with B2BinPay system
Does not take commission for the enter from the sender.