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  1. Home
  2. /Glossary
  3. /Transaction
Back to Glossary
blockchain

Transaction

A transfer of value or data recorded on a blockchain.

Definition

A transfer of value or data recorded on a blockchain. Every time you send crypto, interact with a smart contract, or mint an NFT, you're creating a transaction. Each transaction requires a fee.

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Learn More About Transaction

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Related Terms

Block

A bundle of transactions that gets permanently added to the blockchain.

Gas

The fee paid to process transactions on Ethereum and similar blockchains.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

Account Model

The way Ethereum and many other chains track balances.

Related Tools

Gas Tracker/tools/gas-tracker

Learn More

Ethereum Guide/learn/ethereum

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