What are on-chain transactions?

On-chain transactions refer to cryptocurrency transactions that occur on the blockchain and remain dependent on the state of the blockchain for their validity. On-chain transactions are considered valid only when the blockchain has been updated to reflect the transactions on the public ledger.

How do cryptocurrencies work?

The vast majority of cryptocurrencies available on the market today use public blockchains to verify and record data. Because of this, the data is available “on-chain” for everyone to see, at any time and from anywhere in the world. Sign up for CoinDesk’s Learn Crypto Investing Course.

What is blockchain technology & how does it work?

Blockchain technology can be used to facilitate cryptocurrency transactions without the need for a trusted third party like a bank. “On-chain” transactions carried out on a blockchain offer greater security and transparency, becausse they’re verified and recorded on a public distributed ledger that cannot be changed.

What are the benefits of cryptocurrency and blockchain data?

Because cryptocurrency and blockchain data are transparent, they provide a great opportunity for on-chain analysts to form more comprehensive pictures of the crypto market based on concrete data as well as a fundamentals-driven approach rather than being merely driven by hype.