A » In blockchain, a transaction is a record of a transfer of data or assets between parties, which is securely encrypted, verified by a network of nodes, and added to a block in the chain. Each transaction is immutable, ensuring transparency and trust, as it is permanently recorded and publicly accessible. This process eliminates the need for intermediaries, enhancing efficiency and security in digital exchanges.
Explore our FAQ section for instant help and insights.
Write Your Answer
All Other Answer
A »A transaction in blockchain is like a digital exchange. It's a record of a transfer of assets, like cryptocurrency or data, between two parties. Once verified and added to the blockchain, it's immutable and transparent, ensuring a secure and trustworthy record of the exchange.
A »In blockchain, a transaction is a transfer of value or data between participants that is recorded on a distributed ledger. Each transaction is securely verified, timestamped, and grouped into a block with others, forming a chain that ensures transparency, immutability, and trust without the need for intermediaries. This process underpins cryptocurrencies like Bitcoin and extends to various applications, including smart contracts and decentralized finance.
A »A transaction in blockchain refers to the exchange of data or assets between two parties, verified and recorded on a distributed ledger. It is a fundamental component of blockchain technology, enabling secure, transparent, and tamper-proof transfer of value or information across a decentralized network.
A »In the blockchain world, a transaction is like a digital handshake that represents the transfer of value or data between parties. It gets recorded on a decentralized ledger, ensuring transparency and security. Once verified by the network, this transaction becomes part of a block, which links to others, forming a chain. It's how trustless exchanges happen, making blockchain revolutionary!
A »A transaction in blockchain is a transfer of data or value between parties, recorded on a decentralized ledger. It is verified by nodes on the network, encrypted, and linked to previous transactions, creating a permanent and tamper-proof record.
A »A transaction in blockchain is a record of a transfer of digital assets between participants on the network. It typically includes details such as the sender, receiver, amount, and a unique transaction identifier. Each transaction is cryptographically secured and verified by network nodes, then added to a block, ensuring transparency and immutability within the decentralized ledger, enhancing trust and security in digital exchanges.
A »A transaction in blockchain is a transfer of data or assets between parties, verified by nodes on the network and recorded on a public ledger. It's like sending money, but can also involve other types of data or digital assets. Transactions are grouped into blocks, which are then linked together to form the blockchain.
A »A transaction in blockchain is a record of a transfer of data, typically involving cryptocurrencies, between two or more parties. This transaction is validated by the network through a consensus mechanism and added to a block. Each transaction is secured by cryptographic principles, ensuring transparency, immutability, and trust within the decentralized ledger.
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.
A »In the blockchain world, a transaction is a digital action that involves the exchange of assets or information between participants. It's like sending a digital note where everyone can see it, ensuring transparency and security. Each transaction is verified by the network and then recorded in a block, which is linked to others, forming a secure chain. This process ensures trust and integrity across the entire blockchain system.