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in the world of cryptocurrency there are two main types of transactions on chain and off chain but what exactly is the difference between them keep watching to learn more about on-chain versus off-chain transactions what is on chain on-chain transactions as suggested by its name are transactions that take place directly on the blockchain Bitcoin is a great example of a decentralized network that does all of the transactions of the network on chain from the validation process by Network participants to the verification process by miners working Round the Clock to add new blocks of transactions to the public Ledger roughly every 10 minutes advantages kicking Bitcoin as an example users can enjoy its highly secure transparent and decentralized Network with a 99.986 uptime when transacting on chain disadvantages however since Bitcoin was first created the number of users transacting on the network has increased exponentially to more than 180 million people the growing demand means that use