How to read ethere return of raw transaction

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Blockchain is secure but transparent. What does that mean? No one can hack your funds on a blockchain and all the transactions that happen on a blockchain are accessible to everyone in the world but you are still anonymous because you just need an address and nothing else.

You don't need to enter your name or proof-of-identity, anywhere to make a transaction on any blockchain. Coming to Ethereum, Ethereum is a decentralized smart contracts platform. You can make transactions, create and deploy smart contracts, create new tokens and transfer them on the ethereum blockchain. Every node in the blockchain has a copy of all the transactions that happened on the blockchain from the creation and everyone with a computer having specified storage and internet can be a node.

Etherscan is an ethereum block explorer and it represents all the data that is available on the ethereum blockchain, on their website. Let's say your friend has sent you some Ethereum and you want to check the transaction, the amount of Ethereum he has sent you, and amount of fee he spent on the transaction, etc.

Here's how you can check it. For a start, you can ask your friend for the transaction hash or you can just enter your address in the search bar and click on the 'Transaction Hash' of the recent transaction. Here is an ethereum transaction, with the transaction hash " 0x83a27eb9cd5ba74beba8bf64b4f0e9edffe5a72eb26fce " and the screenshot of the transaction details on Etherscan.

Let's go through each section one by one. It is like the fingerprint of a transaction. Here the transaction hash is "0x83a27eb9cd5ba74beba8bf64b4f0e9edffe5a72eb26fce". Status It shows the status of a transaction, "Success" or "Failed" or "Pending".

This transaction is a Success. Block Block is the position of the block in the blockchain in which the transaction is present. This transaction is present in the th block in the Ethereum blockchain. Timestamp The date and time at which the transaction has taken place. From The address which initiated the transaction and sent Ether. To The address which received Ether. Value Amount of Ether transferred in the transaction. In this case the contract source code has been uploaded to Etherscan, so we know the function is transfer address,uint The rest of the data is: fbadbcd9a37eaf2bac38d bf4 3 According to the ABI specifications, integer values such as addresses, which are byte integers appear in the ABI as byte words, padded with zeros in the front.

So we know that the to address is 4fbadbcd9a37eaf2bac38d Types of transactions On Ethereum there are a few different types of transactions: Regular transactions: a transaction from one account to another. Contract deployment transactions: a transaction without a 'to' address, where the data field is used for the contract code.

Execution of a contract: a transaction that interacts with a deployed smart contract. In this case, 'to' address is the smart contract address. On gas As mentioned, transactions cost gas to execute. Simple transfer transactions require units of Gas. Diagram adapted from Ethereum EVM illustrated Any gas not used in a transaction is refunded to the user account.

Transaction lifecycle Once the transaction has been submitted the following happens: Once you send a transaction, cryptography generates a transaction hash: 0x97d99bca21b12ccd4ff1dffdff The transaction is then broadcast to the network and included in a pool with lots of other transactions.

A validator must pick your transaction and include it in a block in order to verify the transaction and consider it "successful". As time passes the block containing your transaction will be upgraded to "justified" then "finalized". These upgrades make it much more certain that your transaction was successful and will never be altered. Once a block is "finalized" it could only ever be changed by an attack that would cost many billions of dollars. A visual demo Watch Austin walk you through transactions, gas, and mining.

Typed Transaction Envelope Ethereum originally had one format for transactions.