On-chain applications are decentralized programs or services that execute directly on a blockchain network, leveraging its distributed ledger and smart contract capabilities. These applications, often called dApps, operate transparently and immutably, with all their logic and data recorded on the public ledger. They benefit from the security and censorship resistance inherent to the underlying blockchain. Examples include decentralized exchanges, lending protocols, and NFT marketplaces.
Context
On-chain applications represent the core functionality of many blockchain ecosystems, with news frequently reporting on their development, user activity, and security audits. Reports often detail new dApp launches, upgrades to existing protocols, or vulnerabilities discovered in smart contracts. A key discussion involves balancing scalability and transaction costs with the security and decentralization benefits of on-chain execution. The continued expansion of layer-2 solutions aims to improve the performance of these applications.
SpeedRun introduces a "Prompt-to-Earn" model, democratizing on-chain application development and establishing a new paradigm for programmable income within the Web3 creator economy.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
