Lesson 5 · Logic path
What a transaction is
Baskin Logic Crypto Academy. One idea. Then we stop.
A transaction is a signed instruction. It says: move this record from here to there.
Once it is accepted, the list updates. There is no clerk to unwind it. If the keys were yours, the move was yours.
That is the object. Not a receipt from a shop. The school does not tell you what to send. The school does not tell you what to buy.
Key terms
- Transaction
- A transaction is a record of crypto moving from one address to another.
- Sending crypto
- Sending crypto means moving it from your wallet to another wallet address on a blockchain.
- Wallet address
- A wallet address is a string of letters and numbers that works like an account number for receiving crypto.
- Bitcoin traceability
- Bitcoin is traceable.
Check what you learned
Reviewed and sources
Written and reviewed by Joshua Baskin, founder. Last reviewed . How we check facts · Report an error
This lesson explains a basic idea and does not quote outside figures. Terms follow our glossary, and rule pages link to the official text.
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