What is Transaction?

Question

Accepted Answer

A **transaction** in the context of blockchain technology is a cryptographically signed instruction to the network that represents a transfer of value, a contract execution, or a data modification, which is then broadcast, validated by nodes, and permanently recorded in a distributed ledger.

Transaction

What is Transaction?

What are the core components of a blockchain transaction and how do they ensure security?

How does a blockchain transaction move from initiation to final confirmation, and what role does the mempool play?

Why are transaction fees (Gas) necessary in a decentralized network, and how do they impact network efficiency and user cost?

When do different types of blockchain transactions occur, and what are the key distinctions between a simple value transfer and a smart contract interaction?

Learn More