On-chainOn-chain refers to activities or data that occur directly within a blockchain network, including transactions and smart contracts. It ensures transparency, security, and decentralization by storing information on the blockchain’s distributed ledger. refers to activities or data that occur directly within a blockchainBlockchain is a decentralized and distributed digital ledger that records and verifies transactions across multiple computers or nodes. It allows for secure, transparent, and immutable storage of data, enabling trust and eliminating the need for intermediaries in various applications such as cryptocurrencies, supply chain management, and smart contracts. network, including transactions and smart contracts. It ensures transparency, security, and decentralizationDecentralization means distributing power and control across a network instead of relying on a central authority. It promotes transparency, resilience, and autonomy in systems and technology. by storing information on the blockchain’s distributed ledger.