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.

User A
Enterprise 1
Sending money

Transaction is confirmed in Blockchain

Information is recorded in the blockchain

User B
Enterprise 2

Does not take commission for the enter from the sender.

“User A Enterprise 1” pays only blockchain commission.
User A
Enterprise 1
Sending money

Transaction is confirmed in Blockchain

Information is recorded in the blockchain

User B
Merchant 2

Does not take commission for the enter from the sender.

“User A Enterprise 1” pays only blockchain commission.
User A
Merchant 1
Sending money

Transaction is confirmed in Blockchain

Information is recorded in the blockchain

User B
Enterprise 1

Does not take commission for the enter from the sender.

“User A Merchant 1” pays only blockchain commission
User A
Enterprise 1
Sending money within different Wallet

Transaction is confirmed in Blockchain

Information is recorded in the blockchain

User B
Enterprise 1

Does not take commission for the enter from the sender.

“User A Enterprise 1” pays only blockchain commission.
User A
Enterprise 1
Sending money within same Wallet

Transaction is confirmed in Blockchain

Information is recorded in the blockchain

User B
Enterprise 1

Does not take commission for the enter from the sender.

“User A Enterprise 1” pays only blockchain commission. Not Supported
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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.

User A
Merchant 1
Sending money

Transaction is processed internally with B2BinPay system

User B
Merchant 1

Does not take commission 
for the enter from the sender.

User A
Merchant 1
Sending money

Transaction is processed internally with B2BinPay system

User B
Merchant 2

Does not take commission
 for the enter from the sender.

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