Blockchain Transaction and Applications 3. Blockchain Transactions: 1. Explanation of How Transactions Are Verified and Added to the Blockchain: Initiation of a Transaction: Users initiate transactions by creating a digital wallet and submitting a request to transfer assets (cryptocurrencies or other digital assets) to another user. Transaction Information: Each transaction contains information such as the sender's wallet address, the recipient's wallet address, the amount of assets being transferred, and a digital signature. Verification Process: Nodes on the blockchain network verify the validity of the transaction. This verification involves checking if the sender has the necessary balance and ensuring that the digital signature is authentic.
