transaction
27
4.8
- noun
- /trænˈzækʃən/
- Texting
:
transacción
- During the conference, the speaker explained how each financial transaction is recorded for audit purposes.
- accounting transactions
- transaction processing
- transaction costs
So we compete by sending with our transactions a minor fee.
- So we compete by sending with our transactions a minor fee.
- And so no, no new transactions can be put in in the blocks.
- So it's not it's actually not great from a transaction volume standpoint or latency standpoint.
- And therefore, as Bitcoin transactions happen, there is a public record of it.
- So right now every Etherium node has to run every transaction on the Etherium network.
- And so there's, there's a lot of new tax reporting and transaction reporting coming to cryptocurrencies.
- So it it's kind of a way to have more private conditional transactions on Bitcoin.
- They rolled out PTP payment overnight during Chinese New Year, millions of transactions being made right away.
- Further, almost every state has adopted the Uniform Electronic Transaction Act.
Examples
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Every node is handling every single transaction, so it doesn't really scale.
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Today's banks record each transaction as a plus and minus in their ledgers.
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So in fact, there is no record of this actual transaction.
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And therefore, as Bitcoin transactions happen, there is a public record of it.
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I love that it shows all of the transactions that they've done.
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Now almost all of our transactions move a digit from one account to another.
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crypto.com actually has a crypto Pay platform where they handle the transaction processing for you.
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What weaknesses are there in the processing of purchasing transactions, and what are their likely effects?
Academic text (1999) -
The computer program that accepts transactions does not perform sufficient data validation.
Academic text (1999) -
Every bitcoin transaction is documented on the blockchain to ensure transparency.
Synonyms
A recorded transfer of digital money on a blockchain
Compounds
- Specialized
3
4.1
Money you spend when you buy or sell something, for example finding information and making agreements
- Specialized
1
5.2
A computer file that holds recent records of actions updated while the computer works
- Specialized
An agreement to buy or sell something for future delivery at a set price
- Texting
Money you pay to process a transfer on a digital money network, often higher when the network is busy
How Complex
1
8.3
- Texting
27
4.8
Surface Forms
Morphology
Etymology
Transaction comes from old Latin parts trans- 'across' and agere 'to do', and is like the word action. In digital systems a transaction is a recorded 'doing' that moves data or money across a network, so the origin explains why it is an action that transfers value and is kept in the record.