On-Chain Compute

Definition ∞ The processing of computational tasks directly on a blockchain network. This involves executing smart contracts or other logic that is recorded and validated by the distributed ledger. Such computations are transparent and immutable, contributing to the trustless nature of blockchain applications.
Context ∞ On-chain compute is a critical factor in the functionality and efficiency of decentralized applications. News coverage often discusses the costs and limitations associated with on-chain computation, as well as innovations designed to optimize it. The ability to perform complex operations on-chain is essential for the development of advanced decentralized services.