Off Chain

What is the primary purpose of Off Chain technology in blockchain systems?

• Enhancing on-chain security
• Reducing transaction fees
• Increasing decentralization
• Accelerating block validation

Which term is often used synonymously with Off Chain transactions?

• Sidechain
• Smart contract
• Hash function
• Token

Off Chain scaling solutions aim to improve:

• Mining efficiency
• Block size limits
• Transaction speed and scalability
• Proof of Work consensus

Which Off Chain technology allows for instant and low-cost transactions on the Bitcoin network?

• Lightning Network
• Ethereum 2.0
• Ripple
• Monero

In Off Chain transactions, where are the transaction details recorded?

• On the main blockchain
• On a separate, linked blockchain
• In a centralized database
• In a peer-to-peer network

Which Off Chain technique is specifically designed for private and confidential transactions?

• Sidechains
• CoinJoin
• Plasma
• Rootstock

What problem does Off Chain technology help address in terms of scalability?

• Double-spending
• Sybil attacks
• Confirmation time
• Block congestion

Off Chain solutions aim to reduce blockchain's reliance on:

• Miners
• Nodes
• Validators
• Transactions

Which cryptocurrency network first implemented the concept of Off Chain transactions through the Lightning Network?

• Ethereum
• Litecoin
• Bitcoin Cash
• Stellar

Which of the following is a disadvantage of Off Chain scaling solutions?

• Increased decentralization
• High transaction fees
• Slower transaction speeds
• Improved security