What is a cryptocurrency blockchain?

A cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency. Unlike a bank’s ledger, a crypto blockchain is distributed across participants of the digital currency’s entire network

What are blockchain tokens?

Blockchain tokens include reward, utility, security, governance, and asset tokens. Crypto tokens are digital representations of interest in an asset or used to facilitate transactions on a blockchain. They are often confused with cryptocurrency because they are also tradeable and exchangeable.

What is a sidechain in blockchain?

A sidechain is a separate blockchain network that connects to another blockchain – called a parent blockchain or mainnet – via a two-way peg. These secondary blockchains have their own consensus protocols allowing a blockchain network to improve its privacy and security, and minimize the additional trust required to maintain a network.

What are on-chain transactions?

On-chain transactions refer to cryptocurrency transactions that occur on the blockchain and remain dependent on the state of the blockchain for their validity. On-chain transactions are considered valid only when the blockchain has been updated to reflect the transactions on the public ledger.