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Zero Confirmation/Unconfirmed Transaction

A zero confirmation or unconfirmed transaction is defined as an exchange that has not yet been recorded or verified on the blockchainWhat Is a Zero Confirmation or Unconfirmed Transaction ?A zero confirmation or unconfirmed transaction is defined…

Zero Confirmation Transaction

Alternative phrasing for an unconfirmed transaction.What Are Zero Confirmation Transactions?Every transaction must be included in a block in order to be acknowledged by the network as a valid transfer of funds.Transactions made at the same time…

Unspent Transaction Output (UTXO)

A transaction that is left unspent after being completed, similar to leftover change after making a purchase.What Is an Unspent Transaction Output (UTXO)?In the cryptocurrency world, unspent transaction output, or UTXO, designates an output…

Transaction (TX)

The act of exchanging cryptocurrencies on a blockchain.What Is a Transaction (TX)?Every transaction is recorded on the distributed ledger technology. Cryptography is the name of the process by which transaction data and the ledger are encrypted. Crypto…

Transaction Fee

A payment for using the blockchain to transact.What Is a Transaction Fee?A transaction fee is paid when a certain amount of cryptocurrency is transferred from one wallet to another. Transaction fees are flexible in nature and can vary based…

Shielded Transaction

A shielded transaction is essentially a transaction that is between two shielded addresses.What Is a Shielded Transaction?Shielded addresses are ones that use zero-knowledge proofs to allow transaction data to be encrypted by remaining verifiable…

Off-Chain Transaction

An off-chain transaction is defined as a second-layer protocol where the transactions occur on a network and move value outside of the blockchain. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: justify; font: 16.0px Arial; color: #000000}…

Internal Transaction

An internal transaction, also known as a "message," is a byproduct of an EOA interaction with a contract address that results in Ether being transferred. p.p1 {margin: 0.0px 0.0px 6.0px 0.0px; text-align: justify; font: 20.0px Arial; color:…

Ethereum Transaction

Ethereum transaction are cryptographically signed instructions to initiate a transaction to update the state of the Ethereum network.What Is an Ethereum Transaction?Ethereum transactions are cryptographically signed instructions from accounts,…