I can provide a draft of the article on how Ethereum’s “standard” transactions are defined.
Ethereum: how a standard transaction is defined
In its influential book, Mastering Bitcoin: Andreas Antonopoulos Guide to understand Bitcoin, a fundamental concept in blockchain technology is discussed. In this article, we will deepen the definition of a standard transaction in Ethereum and its implications for users and developers equally.
The purpose of standard transactions
In Ethereum, a standard transaction is one that follows a set of predefined rules and guidelines described in the specification of the Ethereum virtual machine (EVM). These rules are designed to guarantee the integrity and safety of transactions, while providing flexibility for developers to create custom applications at the top of Blockchain.
Key components of a standard transaction
A standard Ethereum transaction generally consists of several key components:
- Input
: This refers to the data or assets that are being transferred outside the sender’s wallet.
- Output : This represents the data or assets that receive the recipient’s wallet.
- Signature : In Ethereum, transactions require a signing of the sender and a random exit (also known as “gas price”).
- Gas price : The price of gas is a measure of the computational effort required to execute the transaction.
The EVM specification
Ethereum uses the EVM specification to define standard transactions. The EVM is a virtual machine that runs on the Ethereum network and provides a standardized form for developers to create and execute intelligent contracts (self-exercise contracts with preprogrammed rules).
According to the EVM specification, each transaction must follow these basic guidelines:
- Inputs : Each input must be a valid Ethereum data type (for example, address, whole, chain).
- Signature : A signing of the sender and a random exit is required.
- Gas price : The price of gas for the transaction must be included in the firm.
What makes a standard “standard” transaction?
A standard transaction in Ethereum is one that meets these basic guidelines and follows the EVM specification. In other words, it is a transaction that:
- It has a valid input data structure.
- Includes a firm with a random output (gas price).
- It meets the gas price required for execution.
Conclusion
Understanding standard transactions in Ethereum is crucial for both users and developers. By following these guidelines, users can ensure that their transactions are executed safely and efficiently. Meanwhile, developers can use standard transactions as a starting point to create custom applications at the top of the block chain.
For those interested in learning more about Ethereum and its underlying technology, the Book of Antonopoulos Mastering Bitcoin provides an excellent resource to understand the basic concepts of intelligent contracts and the verification of transactions.
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