TransactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More type is a classification of blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More transactions that determines how the transacting parties interact with each other. The three main categories of blockchain technology transactions are assets, smart contracts, and privacy. The “assets” category encompasses all asset transfers and financial transactions, including cryptocurrencyCryptocurrency is decentralized digital currency secured by cryptography. Cryptocurrency utilizes cryptographic protocols to record ownership and prevent counterfeits (when ownership... Read More transfers between accounts, tokenized transactions, voting transactions, and settling invoices. The “smart contracts” category encompasses transactions involving the exchangeAn exchange is a marketplace where traders can buy and sell cryptocurrencies and other digital assets. The "exchange" acts as... Read More of digital assetsDigital assets are items of value that can be stored and traded electronically, including cryptocurrencies, tokens, smart contracts, and other... Read More between parties, tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... Read More swaps, or agreements, including financial instruments, property rights, and relationship agreements. It can also include tokenized transactions. The “privacy” category encompasses transactions involving data encryptionEncryption is the process of encoding an original form of information called plaintext using an algorithm called a cipher. The... Read More and anonymization, payload data, hashed data, and digital signatures.
