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On-Chain

blockchain · transaction

Recorded or executed directly in transactions governed by a blockchain's base-layer rules.

1.general

On-chain activity is represented in base-layer transactions and becomes part of the accepted ledger when included in blocks. Payments, token transfers, contract state changes, and data commitments can all be on-chain.

2.properties

On-chain records inherit the chain's validation, finality, privacy, capacity, and fee properties. They are not automatically correct, private, irreversible, or free from application and contract risk.

3.data

Confirmed data can remain reproducible from block history even when ordinary nodes prune old block files. Indexers and archival services may be needed for convenient historical queries, and reorganizations can change recent accepted history.

Related terms

All terms and definitions may update as the Cryptionary improves.