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OnChain Analysis: 101 Guide to Get The MARKET EDGE!! ??On-chain transactions occur directly on the blockchain, while off-chain transactions occur outside the main blockchain network, relying on. A blockchain system is essentially a network that contains a distributed ledger that can be considered as a shared database. The transactions that are recorded. On-chain transactions are transactions that occur on a blockchain that are reflected on the distributed, public ledger. On-chain transactions.