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The term "transaction" is used in Ethereum to refer to the signed data package that stores a message to be sent from an externally owned account.

2 votes
Accepted

Can blockchain transaction be made real time?

I don't know what the best practices are, but I don't think you can actually perform on-chain transactions, but you can potentially do them off-chain. … You can be assured of no replays since your backend is keeping a copy of all the signed transactions, which you can ensure is rebroadcast onto the network. …
lungj's user avatar
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2 votes

Will Etheruem Solve This?

If the wholesaler has USD $4M+ of Ethereum, then the wholesaler can send the corresponding number of ether to the Chilean producer by signing one or more Ethereum transactions that authorizes the transfer … Similarly, banks in Chile are required to allow transactions with cryptocurrency exchanges. …
lungj's user avatar
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17 votes

How can I reverse or cancel a transaction or recover lost ethers?

This also means that the transaction fees are incurred for both transactions. … Possessing (or having access to) this kind of hashing power might shake confidence in transactions on the network. …
2 votes

Sending multiple transactions at once?

If you look at the destination of the transaction, it is a contract. That particular contract has a function whose signature is multisend(address _tokenAddr, address[] dests, uint256[] values) (see co …
lungj's user avatar
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20 votes
1 answer
44k views

How can I reverse or cancel a transaction or recover lost ethers?

Transactions (using a smart contract like a token or sending ether), by design, are immutable on the blockchain. …
lungj's user avatar
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5 votes
Accepted

How does Ethereum plan to handle thousands of transaction per second?

included in each block: the number of transactions the miner's node can process for inclusion in the block. … However, there are plans to distribute the processing for transactions so that different nodes can handle different transactions; this distribution of verification is known as sharding and potential Ethereum …
lungj's user avatar
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3 votes

The virus in my wallet

The auto geth you see is from your grep command. It's added in automatically to give colour to your grep output on Ubuntu and other Linux distributions. Also, I have no idea how to backtick on an iOS …
lungj's user avatar
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0 votes
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Can there be a confirmation of disappeared transaction?

The yellow paper states that the nonce must be equal to the number of sent transactions. It must increment by one after each transaction, so you can't actually have a skipped nonce. …
lungj's user avatar
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2 votes

Would Ethereum have lower transaction fees with the same usage as Bitcoin?

Fewer transactions fit on-chain if many inputs are required for a transaction. Fragmentation will decrease the number of transactions that fit in a block. … The upper limit on transactions in the best case is ~5k transactions per 10 minutes. …
lungj's user avatar
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2 votes
Accepted

What's the transaction-throughput on Ethereum (how fast the nodes can replicate transactions...

If you have validators on a 1Gbps pipe, you can receive ~100Mbps' worth of transactions in your cluster. … That's 2500 transactions per second per shard with a propagation time of the latency between you and one of the shard's nodes + internal shard propagation delays. …
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5 votes

Doubts regarding transactions broadcasting and concept of tx pool

Technically, it should be "a transaction pool", not "the transaction pool": each node has a set of transactions that it knows (or cares to know) about that are waiting to be confirmed from all users (not … Note that the tx pool is specifically for pending transactions (your question 7 suggests confusion about that point). …
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3 votes
Accepted

What happens if mine testnet with etherbase set as account that already controls "real" ether?

Each chain (main net, ropsten, ethereum classic, etc.) is a separate record of transactions. … Transactions occurring on one chain are (assuming a normal wallet program is used) independent of other chains unless special steps are taken. …
lungj's user avatar
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1 vote

Could I mine specific transactions that other miners would ignore?

You could mine the transaction yourself (see Would a minimal gas price tx ever be mined? ). I haven’t looked lately, but it’d probably take about $600 USD in electricity if you are in an average North …
lungj's user avatar
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3 votes
Accepted

I sent My ETC to my ETH address

So you need to export the keys you generated in your wallet that sends and receives transactions on the Ethereum (non-classic) chain. … Next, you import the same keys into a wallet that is sending and receiving transactions on the Ethereum Classic chain. …
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1 vote

Does the amount of gas cost by a specific txn depend on the miner of the block?

The amount of gas for a particular transaction is fixed since the cost is based on the Ethereum virtual machine (EVM) operations performed in the transaction and this is deterministic. However, one mu …
lungj's user avatar
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