What Are On-Chain Transactions?

On-chain transactions refer to transactions that are recorded on a blockchain network. In a blockchain network, transactions are grouped in blocks, and each block is linked to the previous block through cryptography. This creates a chain of blocks or a "blockchain." When a user initiates a transaction on a blockchain network, the transaction is broadcast to the network and validated by nodes. Once the transaction is validated, it is included in the next block to be added to the blockchain.…