A transaction is a record of an event that occurred in the past. Transactions typically occur during the course of exchanging goods or services. In blockchain technology, a transaction is the transfer of value between two parties on a decentralized networkA decentralized network is one in which each node or device operates independently, without the need for central control. This... Read More. On a blockchain, transactions are recorded by a digital ledgerA digital ledger is an online record of transactions. The digital ledger tracks financial or other data. Read More and verified by nodes in the blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... Read More. Different types of transactions occur on blockchainsA blockchain is a distributed database that is shared among the nodes of a computer network. Read More, including financial transactions, cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... and tokenTokens and Coins are often erroneously regarded as interchangeable terms. However, while both Tokens and Coins share technical similarity, tokens... Read More transactions, smart contracts, voting rightsVoting rights on a blockchain refer to an entity's ability to participate in blockchain governance decisions. Read More, data and storage access, and more.
