** What is in a transaction on Ethereum?
When a user initiates a transaction on Ethereum blockchain, he sends data from one account to another. This process is known as “transfer” or “payment”. The recipient of this transaction can then use it to transfer its own assets or funds.
In essence, each transaction on the Ethereum network consists of several components: sender information (account address), receiver information (account address) and transferred data (in this case, a quantity of ether). But what is sent exactly?
Date transaction
When a user initiates a transaction, he creates a message that includes his account address, the address of the recipient’s account and the date to be transferred. These data may include:
- Signature
: A digital signature which confirms that the sender has control of the transferred funds. The most common type of signature is called “control sum” or “Keccak-256 chopping”, which generates a single code based on transaction data.
- Transaction costs : The amount of the ether paid to the network for the processing of the transaction.
** Is it a hash?
Yes, it is correct that each transaction on Ethereum includes a chopping value in a form. However, this is not necessary what you might think.
When a user initiates a transaction, he creates a message that includes his account address and the date to be transferred. The recipient’s account is then used to sign the transaction using its private key. This signed message is called “signature” or “digital signature”.
The hash value in this case really refers to the
transaction data
itself, not only to a separate hash of the previous transactions plus the public key of the receiver. Consider it as a nested structure:
- The address of the sender and the transaction data (for example, the amount of the Ether to be transferred)
- A sum of signature or digital control which confirms the property
- A key or a public address of the recipient (if applicable)
** Why is this chopping important?
The hash value in Ethereum serves as a unique identifier for each transaction. It helps the network to follow transactions, prevent double expenditure and guarantee data integrity.
When the transaction is broadcast on the network, it is not only a simple “hatching” that points to the sender and receives information. Instead, it is a complex structure that includes transaction data itself, as well as other metadata (such as signature, transaction costs, etc.). This ensures that transactions are treated safely and effectively.
In summary, when a user initiates a transaction on Ethereum, he wasted a message which includes the address of his account, the address of the recipient’s account and the date to be transferred. The sum of signature or digital control confirms the property, while the hash value (if it is present) refers to the complex structure of the transaction itself, including the sender, the receiver and other metadata .
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