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Author: Hyperon Chain Published: May 29, 2022 Updated: May 29, 2022
What exactly are transactions?
What are transactions exactly? The term "transaction" refers to a signed data package containing a message intended to be sent from an externally owned account to another account on the blockchain. Transactions can be categorized into two major types:
Value Transfer: This type involves the transfer of value, typically in Ether, between two accounts that do not belong to the same person.
Contract Execution: In this category, an externally owned account initiates a function/method call to a contract account. These transactions can be further linked together, allowing the contract account to perform multiple internal transactions before interacting with another contract account or providing a return. It's important to note that on Ethereum, the e