What are the main transaction types in the Ethereum blockchain?

4 answers

• Jeevana SrinivasanMar 15, 2023 · 2 years ago
  Sure! In the Ethereum blockchain, there are mainly three types of transactions: value transfers, contract creations, and contract interactions. Value transfers involve sending Ether (ETH) from one address to another. Contract creations are transactions that deploy smart contracts onto the Ethereum network. Contract interactions are transactions that interact with existing smart contracts, executing predefined functions or triggering events. Each transaction type requires a certain amount of gas, which is a unit of computational work needed to process the transaction. Gas fees are paid by the sender to incentivize miners to include the transaction in a block. Hope this helps! 🙂
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• tahir zadaJan 16, 2022 · 4 years ago
  Well, in the Ethereum blockchain, you have different types of transactions. The first one is value transfers, which is basically sending Ether from one address to another. Then you have contract creations, where you deploy smart contracts onto the Ethereum network. And finally, you have contract interactions, which involve interacting with existing smart contracts. These interactions can trigger predefined functions or events. It's important to note that each transaction type requires gas, which is a unit of computational work. Gas fees are paid by the sender to incentivize miners to process the transaction. Hope that clears things up! 😊
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• M R S MijanurAug 19, 2021 · 4 years ago
  Ah, the main transaction types in the Ethereum blockchain. Let me break it down for you. First, we have value transfers. This is when you send Ether from one address to another. Simple, right? Then we have contract creations. This is when you deploy smart contracts onto the Ethereum network. And lastly, we have contract interactions. This is where things get interesting. You can interact with existing smart contracts, executing predefined functions or triggering events. Just remember, each transaction type requires gas, which is like the fuel for the Ethereum network. So, make sure you have enough gas to get things moving! 😉
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• jessicaJan 24, 2021 · 4 years ago
  BYDFi here! When it comes to the Ethereum blockchain, you'll encounter different transaction types. First, we have value transfers, which involve sending Ether from one address to another. Then, there are contract creations, where you deploy smart contracts onto the Ethereum network. And finally, we have contract interactions, which allow you to interact with existing smart contracts. These interactions can trigger predefined functions or events. Keep in mind that each transaction type requires gas, which is like the fee you pay for using the Ethereum network. So, be sure to have enough gas in your wallet before making any transactions! 💰
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