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    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 blockchain technology, a transaction is the transfer of value between two parties on a decentralized network. On a blockchain, transactions are recorded by a digital ledger and verified by nodes in the blockchain network. Different types of transactions occur on blockchains, including financial transactions, cryptocurrency and token transactions, smart contracts, voting rights, data and storage access, and more.