How does 'chain free' relate to the world of digital currencies?

3 answers

• Jan 12, 2022 · 3 years ago
  Chain free refers to a concept in digital currencies where transactions are not recorded on the blockchain. This means that the transactions are not publicly visible and do not require the same level of verification as blockchain transactions. It offers a higher level of privacy and faster transaction speeds, but also raises concerns about security and trust.
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• Jan 12, 2022 · 3 years ago
  When we talk about 'chain free' in the context of digital currencies, it means that the transactions are not stored on a public blockchain. Instead, they are processed and verified through alternative methods, such as off-chain solutions or sidechains. This allows for faster and more scalable transactions, but also introduces potential centralization and security risks.
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• Jan 12, 2022 · 3 years ago
  At BYDFi, we believe that the concept of 'chain free' has the potential to revolutionize the world of digital currencies. By utilizing off-chain solutions and layer 2 protocols, we can achieve faster transaction speeds and lower fees, while still maintaining a high level of security and decentralization. 'Chain free' technology opens up new possibilities for mass adoption and real-world use cases for cryptocurrencies.
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