Transaction (TX)

In the blockchain context, a transaction (TX) generally denotes the exchange of different types of data between users on a blockchain network. Depending on their origin, transactions can be transmitted at varying speeds and levels of security and privacy. The most prevalent transaction type enables users to trade network-specific coins/tokens with one another. For example, Bob sends four ether (ETH) to Linda using the Ethereum network, and she receives it promptly a few minutes later. In return, Linda then sends Bob an equivalent value in bitcoin (BTC) via the Bitcoin network.