What is On-Chain Data?
Information that is stored directly on a blockchain network and can be verified by anyone with access to that network.
Key details
- Transparent
- All on-chain data is publicly visible and verifiable.
- Immutable
- Once recorded, on-chain data cannot be altered without consensus.
- Real-time
- On-chain data provides up-to-the-minute information about network activity.
- Trustless
- No need to rely on third-party sources for data verification.
Examples
- 01Transaction histories and balances of blockchain addresses.
- 02Smart contract code and interactions on platforms like Ethereum.
- 03Token transfers and ownership records.