Skip to main content

Transaction

Transaction​

A Transaction is a transfer of value between wallets that is included in the blockchain. Transactions are the fundamental operations in a blockchain network, representing the movement of assets from one party to another.

Key Characteristics​

  • Inputs and Outputs: Each transaction has one or more inputs (sources of funds) and one or more outputs (destinations of funds).
  • Validation: Transactions are validated by nodes in the network to ensure that the sender has sufficient balance and that the transaction adheres to the network's rules.
  • Inclusion in Blocks: Once validated, transactions are grouped into blocks, which are then added to the blockchain.

Importance​

  • Value Transfer: Transactions enable the transfer of value in a secure and transparent manner.
  • Record Keeping: Each transaction is permanently recorded on the blockchain, providing an immutable history of all transfers.