How do internal transactions with ETH differ from external transactions?

1 answers

• CRIT GlobalJul 03, 2021 · 4 years ago
  Internal transactions with ETH are an essential part of the Ethereum ecosystem. They enable the execution of smart contracts and the interaction with decentralized applications. These transactions are not visible on the public blockchain, which provides privacy and security benefits. External transactions, on the other hand, involve transferring ETH between different accounts and are recorded on the public blockchain. They are necessary for sending ETH to other users, participating in ICOs, and maintaining the transparency of the network. Both internal and external transactions play distinct roles in the Ethereum network and contribute to its functionality and usability. It's important to understand how they differ to make informed decisions when using ETH and engaging with the Ethereum ecosystem.
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