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Prerequisites

What_is_a_Ledger

What_is_a_Blockchain

What_is_Distributed_Storage

What_is_a_Consensus_Mechanism

What_are_Seeds_and_Public_Private_Keys

Subgraph

graph LR 1["What is a Ledger"]-->0{"How a Transaction Works"} 2["What is a Blockchain"]-->0{"How a Transaction Works"} 3["What is Distributed Storage"]-->0{"How a Transaction Works"} 4["What is a Consensus Mechanism"]-->0{"How a Transaction Works"} 5["What are Seeds and Public Private Keys"]-->0{"How a Transaction Works"} 6["How to Setup a Wallet"]-->0{"How a Transaction Works"} 0{"How a Transaction Works"}-->7["How Ethereum Is Valued Differently"] 0{"How a Transaction Works"}-->8["Security Concerns For the Whole Network"] 0{"How a Transaction Works"}-->9["What is Self Custody"] 0{"How a Transaction Works"}-->10["What is an Exchange"] 0{"How a Transaction Works"}-->11["What Can Go Wrong With a Transaction"] 0{"How a Transaction Works"}-->12["Proof of Stake vs Mining"] 0{"How a Transaction Works"}-->13["Security Concerns For Self Custody"] 0{"How a Transaction Works"}-->14["What is a Layer 2"] 0{"How a Transaction Works"}-->15["What are Smart Contracts"] click 1 "../What_is_a_Ledger" "What is a Ledger" click 2 "../What_is_a_Blockchain" "What is a Blockchain" click 3 "../What_is_Distributed_Storage" "What is Distributed Storage" click 4 "../What_is_a_Consensus_Mechanism" "What is a Consensus Mechanism" click 5 "../What_are_Seeds_and_Public_Private_Keys" "What are Seeds and Public Private Keys" click 6 "../How_to_Setup_a_Wallet" "How to Setup a Wallet" click 7 "../How_Ethereum_Is_Valued_Differently" "How Ethereum Is Valued Differently" click 8 "../Security_Concerns_For_the_Whole_Network" "Security Concerns For the Whole Network" click 9 "../What_is_Self_Custody" "What is Self Custody" click 10 "../What_is_an_Exchange" "What is an Exchange" click 11 "../What_Can_Go_Wrong_With_a_Transaction" "What Can Go Wrong With a Transaction" click 12 "../Proof_of_Stake_vs_Mining" "Proof of Stake vs Mining" click 13 "../Security_Concerns_For_Self_Custody" "Security Concerns For Self Custody" click 14 "../What_is_a_Layer_2" "What is a Layer 2" click 15 "../What_are_Smart_Contracts" "What are Smart Contracts"

Description

A cryptocurrency transaction works by the sender sending a certain amount of cryptocurrency to a unique address on the blockchain. This is done by using a private key to sign a message with the funds that the sender wants to send. The recipient then can use the public key to unlock the funds.

Links

Links to other educational resources here: