Glossary

On-Chain / Off-Chain (blockchain)

On-chain refers to transactions and data recorded directly on a blockchain, ensuring transparency and immutability. Off-chain, in contrast, denotes activities happening outside the blockchain, offering faster transactions and reduced costs. While on-chain transactions are publicly verifiable on the distributed ledger, off-chain transactions rely on other methods for validation and recording, potentially enhancing privacy and scalability. Integrating on-chain and off-chain operations can optimize blockchain networks for efficiency and performance.