On-Chain - Off-Chain

Which one is better and also which one clearly offers more secure security? In cryptocurrency systems that use blockchain, of course, it is clear what use the blockchain will be made of, where its existence is to record every transaction that occurs. To ensure that everything that happens the record was created.

Blockchain itself is present like a ledger if the perception is equated with the banking world. Where the direction of incoming and outgoing funds becomes clear where the direction and destination. The difference is that privacy concerns and transactions on the blockchain are more validly recorded and more resistant in terms of security and damage or loss that can occur in the ledger system.

The presence of the terms on-chain and off-chain that is being discussed today is due to the problem of high transaction fees and the need for transaction speed. Which is basically present in the main crypto which is better known as the mother of crypto, namely bitcoin. With the high transaction costs and the creation of long queues for on-chain transactions, then comes the existence of off-chain transactions which are currently being used. Such as lighting network, liquid network, and also Ethereum plasma.

Its presence is expected to answer or reduce problems that occur in the on-chain system. But unfortunately, another aspect that is of great concern is the aspect of security and the validity of the recording problem which is expected to answer the presence of crypto created with the blockchain system being ignored. Although basically everything is based on agreement and the desire to use the off-chain system.

From my personal point of view, although this is an innovation, unfortunately for me it is not the right answer for the word cryptocurrency made according to the expected expectations. Because if you think about it logically, it violates too much of the purpose of crypto being created, and also adds to many problems that can actually be avoided according to the purpose of cryptocurrency. Not only in terms of security but other aspects that will have an impact as easy steps for money laundering and financial system crimes can use this off-chain system.

Then when it comes to privacy, this is not reasonable privacy, to say the least. Unlike the existence of systems like monero, zcash, or other privacy coins. Where it clearly offers systematic privacy but its validity is recorded on the blockchain chain clearly and definitely. Off-chain systematics for words can be manipulated so they are highly probable and happen. Make it easier for financial crimes to take steps through this system.

Indeed, if viewed at the outset, it was clear that there was unpreparedness and unwillingness to complain that had occurred during the consensus period that occurred in the bitcoin community in 2017 so that it divided the camps which in the end took steps to run on their own by presenting bitcoincash as an answer to the problem of transactions that occurred from the problem of fees. and transaction speed. The dislike that bitcoin's loyal followers say actually continues to be the success and reality of the truth presented by bitcoincash to this day.

Unfortunately, without them realizing it, those who are not in line with the existence of bitcoincash are looking for a way that is no longer in line with the purpose of the cryptocurrency being created. Manipulation and mastery of the word value have confirmed their identity and are ridden by world economic financial brokers. It is no longer in line and can no longer be held accountable for the true purpose of the cryptocurrency being created.

Indeed, it all comes back to each person to choose to use what they like, but isn't it clear that safe and reliable is better than risky one?

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