On-chain
Activity recorded directly on the blockchain and finalized in blocks.
On-chain refers to actions that are broadcast to the network, validated by nodes, and included in blocks. On-chain activity inherits the chain’s security and transparency.
"Sending BCH from one address to another is an on-chain transaction once mined into a block."
On-chain operations are more transparent and secure but can be slower and incur fees compared to off-chain interactions.
"Batching payments reduces on-chain fees by consolidating many outputs into one transaction."
Related Terms
Off-chain
→Activity that occurs outside the base blockchain, often for speed, privacy, or cost efficiency.
Transaction
→The fundamental unit of data exchange on a blockchain, representing transfers of cryptocurrency or executions of smart contracts.
Block
→A collection of transactions confirmed on the blockchain, each block building upon the previous one.
Fee
→The amount paid to include a transaction in a block; incentivizes miners/validators and helps prevent spam.
All terms and definitions may update as the Cryptionary improves.
