> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ownit.xyz/llms.txt
> Use this file to discover all available pages before exploring further.

# What “on-chain” means

On-chain means recorded on a public blockchain. The record is readable by anyone and cannot be edited after the fact, by OWNIT or by anybody else.

![Legacy prop firms beside OWNIT: on the left a padlocked maze box, captioned "The prop firm holds the keys and can rewrite the rules privately"; on the right OWNIT's on-chain record, captioned "OWNIT lets anyone verify the rules, trades, payouts and any changes."](https://mintcdn.com/ftmo/8-i5EIF7bdf81tgc/images/on-chain.webp?fit=max\&auto=format\&n=8-i5EIF7bdf81tgc\&q=85\&s=c8a881f3163abd558ac22f5d360ba676)

### The legacy prop firm setup

Most prop firms run on a server and a database only they can read. Your balance, your trades, your payout history: all of it is rows in a table the firm controls. That is normal, and it is not necessarily done in bad faith, but it does mean you cannot check any of it yourself. If a fill looks off, or a spread looks wide, or a payout is late, all you have is the firm's word for it.

### OWNIT's on-chain design

OWNIT writes the same records to Solana instead: the rules your account was created under, the trades, and every payout with its transaction hash. You do not have to take our word for any of it. The trust is written on-chain, and anyone can check it.

| | Legacy prop firm | OWNIT |
| - | - | - |
| Where the record lives | The firm's own database | Solana, in public |
| Who can read it | The firm | Anyone, without asking |
| Your account's rules | Held in the firm's system | Written on-chain when the account is created |
| Proof of a trade | A row in their dashboard | An on-chain record with an explorer link |
| Proof of a payout | A screenshot or an email, editable by whoever issues it | A transaction hash that cannot be edited or backdated |

### Why this matters

A dashboard shows orders, positions, P\&L, and history. The on-chain record lets those be checked: trading and account events, the account's history over time, evaluation events and breaches.

### Viewing activity on-chain

**View on Explorer** opens the record. An explorer is a public viewer for a blockchain; you do not need to know how it works to read the entry.

> [card] [Verification](https://docs.ownit.xyz/platform/verification.md)
>
> Open the on-chain record for a trade, order, account event, or payout with View on Explorer.

### On-chain does not mean crypto trading

On-chain means the records OWNIT publishes on Solana, such as your account rules, your account's daily status, and your payouts. Anyone can look them up, and once a record is published, it can't be edited. It doesn't mean your trades are executed on a blockchain: trading on OWNIT runs in a simulated environment that mirrors Hyperliquid's live order book.

The interface shows what happened. The record proves it.


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