Onchain computing involves executing computational tasks and storing data directly on a blockchain network, leveraging smart contracts to perform operations in a decentralized and verifiable manner. This contrasts with off-chain computing, where most processing occurs outside the blockchain. While typically more expensive and slower due to network consensus requirements, onchain computing offers unparalleled transparency, immutability, and censorship resistance for critical applications. It underpins the logic and state changes of decentralized applications.
Context
The discussion around onchain computing in crypto news often focuses on its scalability limitations and the high transaction costs associated with complex operations. Efforts to optimize smart contract efficiency and develop layer-2 scaling solutions are central to current developments. Future developments include advancements in zero-knowledge proofs and other cryptographic techniques to enable more efficient and private onchain computations, expanding the capabilities of decentralized applications.
This new programmable onchain cloud layer resolves the "decentralization paradox," creating a resilient foundation for dApps to achieve true sovereignty.
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