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On-Chain Transaction

A transaction recorded on a blockchain network, distinct from a change in a platform’s internal ledger.

Concept and usage

A transaction recorded on a blockchain network, distinct from a change in a platform’s internal ledger.[1][2][3]

In context

On-chain means a transaction or state is recorded under a blockchain protocol. It describes where and how data is recorded, not who initiated it, whether a service reconciled it or who controls the asset.[1][2][3]

Common confusion

On-chain records and an internal service ledger can coexist. A platform may aggregate internal balance changes into a later transfer or record only funding and payout on-chain. An account screen should not be mistaken for a public-address history.[1][2][3]

Example

If a payout notice includes a transaction hash, inspect sender, recipient and status on the matching network. A service-side reference number alone must be resolved through the service’s own records. Public transaction records and internal balances are separate data layers with separate sources.[1][2][3]

Keep exploring

FoundationBlockchain basics: public records and private ledgersA blockchain links records under the rules of its network. Confirmation and consensus mechanisms differ, so one chain does not describe all networks. A public history provides a way to inspect transactions without establishing that all account information is stored on-chain.Related contextCrypto deposits: from wallet to platform ledgerAsset, network and address identify the payment path, sometimes with an additional tag. A token name alone is insufficient. Platform-generated destinations and personal wallet addresses have different purposes; use the current receiving instructions rather than assumptions about a previous transfer.Deeper analysisWallets and control: what a balance really meansA platform balance and a self-custody wallet can display the same asset while granting different control. One is a service-maintained ledger; the other authorizes network transactions through keys. Control is a more useful distinction than the asset label.

Glossary

Related contextBlockchainCompare perspectivesConfirmationRelated contextCryptocurrency

Sources and scope

  1. BlocksEthereum.orgChecked:

    Introduces Ethereum blocks, transaction ordering and network records.

  2. Block explorersEthereum.orgChecked:

    Explains transaction status, hashes, blocks and fee fields visible in block explorers.

  3. Bitcoin: A Peer-to-Peer Electronic Cash SystemBitcoin.orgChecked:

    The original Bitcoin paper, used for its design of transaction history and proof of work.