The transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More validation process validates that a transaction’s details are correct and meet all the criteria necessary for it to be valid relative to the blockchain ledgerA blockchain ledger is a digital ledger of cryptocurrency transactions organized into blocks. Each block in a blockchain ledger contains... Read More. A consensusConsensus allows a distributed system such as a blockchain to function as a decentralized peer-to-peer system without the need to... Read More mechanism, such as having multiple parties agree on the validity of a given transaction, is used to validate transactions before the blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More records the transaction.
