What is the process of sending a raw transaction in the context of cryptocurrency?

1 answers

• Ajit ReddyNov 06, 2022 · 3 years ago
  Sending a raw transaction in the context of cryptocurrency is a fundamental process that allows users to transfer digital assets. The process involves creating a transaction with the necessary details, such as the sender's address, recipient's address, and the amount being sent. This transaction is then signed using the sender's private key to prove ownership and authorize the transfer. Once the transaction is signed, it is broadcasted to the network, where it is validated by miners. If the transaction is valid, it is included in a block and added to the blockchain. This process ensures the security and integrity of the transaction, as well as the overall network.
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