Definition ∞ On-chain development refers to modifications or additions made directly to the core protocol of a blockchain or decentralized application. These changes are recorded and validated on the blockchain itself, ensuring transparency and immutability. This contrasts with off-chain development, which pertains to applications or services built around the blockchain.
Context ∞ Significant on-chain development activities, such as protocol upgrades or the introduction of new smart contract functionalities, are often major news events in the digital asset space. These developments can fundamentally alter a network’s capabilities, security, or economic model. Monitoring on-chain development provides a direct view into the evolution and future direction of blockchain technologies.
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