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 blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More 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 blockchains, including financial transactions, cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More and tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... 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.
