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What is a transaction?

A "transaction" refers to a signed packet that contains a message sent from one account to another account on the blockchain. Messages can be divided into two main categories:

  • Value Transfer A certain amount of ETH is transferred between two external accounts, both the originator and the receiver are one external account.

  • Execute a Contract An interaction that interacts with a deployed smart contract, where the initiator is an external account and the receiver is a contract account.

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📘 What is blockchain transaction?