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Transaction TX
A crypto transaction (TX) refers to a transfer of value on a blockchain. It occurs when a user sends or receives a certain amount of cryptocurrency from another user or address. Once a transaction is created, it is broadcast to the blockchain network and validated by nodes in the network. Once validated, the transaction is added to the blockchain and recorded permanently.
Each transaction typically contains information about the sender’s digital wallet address, the receiver’s digital wallet address, and the amount of cryptocurrency transferred. Transactions may also include fees paid by the sender.