A fracture zone is a linear oceanic feature—often hundreds, even thousands of kilometers long—resulting from the action of offset mid-ocean ridge axis segments. They are a consequence of plate tectonics. Lithospheric plates on either side of an active transform fault move in opposite directions; here, strike-slip activity occurs. Fracture zones extend past the transform faults, away from the ridge axis; seismically inactive (because both plate segments are moving in the same direction), they display evidence of past transform fault activity, primarily in the different ages of the crust on opposite sides of the zone.
In actual usage, many transform faults aligned with fracture zones are often loosely referred to as "fracture zones" although technically, they are not.
Mid-ocean ridges are divergent plate boundaries. As the plates on either side of an offset mid-ocean ridge move, a transform fault forms at the offset between the two ridges. 
Fracture zones and the transform faults that form them are separate but related features. Transform faults are plate boundaries, meaning that on either side of the fault is a different plate. In contrast, outside of the ridge-ridge transform fault, the crust on both sides belongs to the same plate, and there is no relative motion along the junction.  The fracture zone is thus the junction between oceanic crustal regions of different ages. Because younger crust is generally higher due to increased thermal buoyancy, the fracture zone is characterized by an offset in elevation with an intervening canyon that may be topographically distinct for hundreds or thousands of kilometers on the sea floor.
As many areas of the ocean floor, particularly the Atlantic Ocean, are currently inactive, it can be difficult to determine past plate motion. However, by observing the fracture zones, one can determine both the direction and rate of past plate motion. This is found by observing the patterns of magnetic striping on the ocean floor (a result of the reversals of Earth's magnetic field over time). By measuring the offset in the magnetic striping, one can then determine the rate of past plate motions.  In a similar method, one can use the relative ages of the seafloor on either side of a fracture zone to determine the rate of past plate motions. By comparing how offset similarly aged seafloor is, one can determine how quickly the plate has moved. 
The Blanco Fracture Zone is a fracture zone running between the Juan de Fuca Ridge and the Gorda Ridge. The dominating feature of the fracture zone is the 150 km long Blanco Ridge, which is a high-angle, right-lateral strike slip fault with some component of dip-slip faulting. 
The Charlie-Gibbs Fracture Zone consists of two fracture zones in the North Atlantic that extend for over 2000 km. These fracture zones displace the Mid-Atlantic Ridge a total of 350 km to the west. The section of the Mid-Atlantic Ridge between the two fracture zones is seismically active. 
The Mendocino Fracture Zone extends for over 4,000 km off the coast of California and separates the Pacific Plate and Gorda Plate. The bathymetric depths on the north side of the fracture zone are 800 to 1,200 m shallower than to the south, suggesting the seafloor north of the ridge to be younger. Geologic evidence backs this up, as rocks were found to be 23 to 27 million years younger north of the ridge than to the south. 
Also known as the Romanche Trench, this fracture zone separates the North Atlantic and South Atlantic Oceans. The trench reaches 7,758 m deep, is 300 km long, and has a width of 19 km. The fracture zone offsets the Mid-Atlantic Ridge by more than 640 km. 
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