A blockchain transaction is transferring value between two wallets using the blockchain. The blockchain is a digital ledger of all cryptocurrency transactions. It’s used to track the movement of bitcoins and other cryptocurrencies.
The transaction is recorded in the blockchain when you send or receive bitcoin. This record includes the wallet addresses of both parties involved in the transaction and the amount of cryptocurrency transferred. In addition, the entire history of all bitcoin transactions is also stored in the blockchain. This makes it easy to trace any bitcoin transaction back to its origin.
A blockchain transaction is a digital transfer of value. It’s like a traditional bank transfer, but instead of using SWIFT or ACH, the transfer is recorded on a public ledger known as a blockchain.
The first step in executing a blockchain transaction is to create a wallet. This is where your public and private keys are stored. The public key is used to receive payments, while the private key is used to sign transactions.
Once you have created a wallet, you can generate a payment request. This will contain information such as the amount you wish to receive and the address of the person or company you are sending it to.
Once the payment has been confirmed, the funds will be transferred from your wallet to the recipient’s wallet.