Common Contracts
1 similar Off-Chain Smart Contracts contracts
Off-Chain Smart ContractsOff-Chain Smart Contracts • December 19th, 2020
Abstract. Smart Contracts should surpass their limitations and evolve to chang- ing architectural standards that are needed for blockchains to scale significantly while retaining their decentralized principles. The computing complexities im- posed on smart contracts such as decision making through predictive analytics, machine learning and dependencies on Oracles, could extend the transaction throughputs and potentially limit the scope and usage of smart contracts across various business processes. Our intent through this paper is to present one of the ideas termed "Off-Chain" contracts that could isolate the computing complexi- ties from the blockchain by keeping the code and execution of the contracts away from the chain, but their hashes and log On-Chain thereby preserving the fundamental principles of decentralized ledger technology..
