The process of a Transaction request over a blockchain network works as follow:

  • Transaction Request
  • Request is broadcasted Peer-to-Peer to the network of Computers (aka Nodes)
  • Validation- Network of nodes validates both transaction & user's status by using an agreed algorithm.
  • Transaction Verification (Can be Cryptocurrency, contract, records or any other type of Digital Asset)
  • Transaction along with a few other verified ones transform into a block of data for the ledger.
  • A new Block is added to the Blockchain in a permanent and final way.
  • Transaction completed