A blockchain-based method is described which is related to transferring electronic currency from a payer to a payee. In some embodiments, a first process, a second process and a third process are performed. The first process includes receiving a processing request for a target transaction from a terminal of a payer, and transferring the processing request to a first blockchain node among a plurality of blockchain nodes. When a verification result indicates that the target transaction is valid, the method proceeds to performing the second and third processes. The second process includes transferring electronic currency from an electronic wallet of the payer to an electronic wallet of the payee. The third process includes recording data for the target transaction in a new block, and spreading the new block over the blockchain network. In some embodiments, the second process and the third process are performed in parallel.