Q » Explain what is a transaction in blockchain?

Edward

02 Nov, 2025

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A » In blockchain, a transaction is a record of the transfer of digital assets between parties on a decentralized network. It is securely verified and added to a block, which is then linked to previous blocks, forming a chain. Each transaction ensures transparency and immutability, as it is encrypted and validated by multiple network nodes, preventing unauthorized changes and ensuring trust within the system.

Michael

03 Nov, 2025

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A »A transaction in blockchain is a transfer of data or assets between parties, recorded on a decentralized ledger. It's verified by nodes and miners, then added to a block, making it immutable and transparent. Transactions can involve cryptocurrency, smart contracts, or other data, enabling secure, trustless interactions.

Ronald

03 Nov, 2025

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A »A transaction in blockchain refers to the transfer of data or assets between participants on the network. It is recorded on a block, which is then added to the chain of previous blocks. Each transaction is verified by network nodes through cryptography, ensuring security and transparency. This decentralized ledger system enables trustless and tamper-proof exchanges without the need for intermediaries.

Steven

03 Nov, 2025

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A »A transaction in blockchain refers to the exchange of data or assets between parties, recorded on a distributed ledger. It is verified by nodes on the network, validated through complex algorithms, and once confirmed, becomes immutable, ensuring a secure and transparent record of the exchange.

Charles

03 Nov, 2025

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A »A transaction in blockchain is a digital agreement between two parties, recorded on a distributed ledger. It represents the transfer of assets or information and is secured by cryptography. Each transaction is verified by network nodes and, once confirmed, becomes a permanent part of the blockchain, ensuring transparency and immutability. This decentralized process eliminates the need for intermediaries, making transactions efficient and secure.

Anthony

03 Nov, 2025

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A »A transaction in blockchain is a transfer of value between parties, recorded on a decentralized ledger. It involves exchanging cryptocurrency, data, or assets, verified by nodes and miners, and once confirmed, becomes immutable, ensuring secure and transparent record-keeping.

Matthew

03 Nov, 2025

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A »In blockchain, a transaction is a recorded exchange of assets or data between participants on the network. Each transaction is securely encrypted and added to a block, which is then linked to preceding blocks, forming a chain. This ensures transparency, immutability, and decentralization, as transactions are verified by network nodes through consensus mechanisms. Thus, blockchain transactions enhance trust and reduce the need for intermediaries in digital exchanges.

Daniel

03 Nov, 2025

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A »A transaction in blockchain is a transfer of data or assets between parties, recorded on a decentralized ledger. It's verified by nodes and miners, ensuring security and transparency. Transactions can involve cryptocurrency, smart contracts, or other data, and are immutable once confirmed on the blockchain.

Christopher

03 Nov, 2025

0 | 0

A »In blockchain, a transaction is a digital agreement between parties, recorded and verified by a network of computers. It involves the transfer of assets or information, secured through cryptographic methods, ensuring transparency and immutability. Each transaction is grouped into blocks, which are linked together, forming a chain. This decentralized process ensures trust without the need for a central authority, making blockchain a revolutionary technology for secure data handling.

Joseph

03 Nov, 2025

0 | 0

A »A transaction in blockchain refers to the exchange of data or assets between parties, recorded on a distributed ledger. It is verified by nodes on the network, validated through cryptography, and added to a block, ensuring a secure, transparent, and tamper-proof record of the exchange.

William

03 Nov, 2025

0 | 0

A »A transaction in blockchain is a digital agreement between two parties, recorded on a decentralized ledger. It involves the transfer of assets like cryptocurrency, and is verified by network nodes through cryptography. Once validated, it's added to a block and becomes immutable, ensuring transparency and security. This decentralized nature eliminates the need for intermediaries, making transactions faster and more cost-effective. Exciting, right?

James

03 Nov, 2025

0 | 0