Off-chain refers to any type of transaction or mechanism that occurs outside of a blockchain network protocol (including governance, tokenized asset creation, consensus design, and so on). Off-chain mechanisms are typically carried out outside of the actual blockchain network via other mechanisms that supplement on-chain methodologies. Off-chain processes include, for example, voting by a governance council or steering committee to determine the governance structure of a blockchain ecosystem and its underlying protocol.
A Home for All Things DeFi