Ethereum blockchain. Is it good or bad for cryptocurrency?

How do Ethereum transactions work?

  • transaction hash — a unique number consisting of numbers and letters of the Latin alphabet used for identification;
  • number of the block in which the data on the transaction are written down;
  • address of the account that is the recipient;
  • a digital signature confirming the sender’s intention to conduct the transaction;
  • value — the amount of Ethereum sent (can be equal to 0);
  • gas limit — the maximum amount of gas allowed to be spent on the transaction;
  • gas price — user-defined price per unit of gas;
  • gas Used — the amount of gas actually used to process the transaction;
  • transaction fee — payment for the transaction;
  • data — an optional field where you can specify the message to the recipient.

Flippening is here

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Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.

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Jeffrey Hancock

Jeffrey Hancock

Blockchain enthusiast developer and writer. I love video games, blockchain and the hot symbiosis of these two worlds.

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