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Transaction
How it works

Transaction

Transactions are the basic unit of activity on a blockchain. Any event is a transaction: a transfer of an asset, the execution of a contract, the update of a record.

TradFi equivalent
In traditional finance...
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TradFi equivalent
A journal entry in accounting as each balance sheet, audit trail, and financial statement, is derived from individual entries. A blockchain is the same. Every activity, no matter how complex, traces back to individual transactions.
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Analogy
In everyday terms...
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Analogy
DNA is the basic unit of all biological information. No matter how complex the organism, everything traces back to individual transactions. Blockchain works the same way.
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