๐ How a Blockchain Transaction Works
1๏ธโฃ You Send
You enter the amount and the receiverโs address โ hit send.
2๏ธโฃ Transaction Broadcast
Your transaction is shared with the blockchain network, not a bank.
3๏ธโฃ Validation
Nodes check:
โข Is the signature valid?
โข Do you have enough balance?
โข Is it double-spent?
4๏ธโฃ Block Inclusion
Once verified, the transaction is grouped with others into a block.
5๏ธโฃ Confirmation
The block is added to the blockchain.
Each new block = more security.
๐ Final Result:
Transparent โ
Secure โ
Almost impossible to reverse โ
๐ A blockchain transaction = trustless, peer-to-peer value transfer.
#Transaction #secure