A crypto transaction refers to the process of transferring cryptocurrency between two wallets.
When a transaction is initiated, it is validated by a network of computers using cryptographic algorithms. Once verified, the transaction is added to a block and incorporated into the blockchain.
This process ensures that the transaction is secure, transparent, and irreversible.
Each transaction is identified by a unique address, known as a public key, which acts as a digital signature to authenticate the sender and receiver.
Crypto transactions can be used to buy goods and services, transfer funds, or simply exchange one cryptocurrency for another.
Overall, crypto transactions play a crucial role in the decentralized and borderless nature of the cryptocurrency ecosystem.
