What it means
Recorded on a public blockchain, where anyone can check it, rather than in one company's private database.
An onchain balance doesn't depend on a single company's servers. Its history is public, which is why a payment can be verified by anyone.
How it works
Everything in your Defied wallet is onchain, on Base.
Related terms
| Term | What it means |
|---|---|
| Blockchain | A shared record of who owns what, kept by many computers at once, that no single company can change on its own. |
| Block explorer | A website that shows everything recorded on a blockchain: every wallet, balance and transaction. |
| Base | A public blockchain built by Coinbase that runs on top of Ethereum, with low fees and fast confirmations. |
This glossary explains terms in general. It isn't investment, tax or legal advice.