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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.
10
votes
Accepted
How to spend ether from multiple accounts?
In Ethereum having multiple accounts is not like having multiple unspent transactions in Bitcoin, because each Ethereum account has it's own private key and a balance. … Therefore you would have to separately sign each payment from each account - in effect creating a separate transactions everytime. …
4
votes
How to handle ether deposits like exchanges do?
This is because one node cannot be aware of all orders (meaning transactions) placed anywhere on the network at the same moment it is trying to process orders it has received via the network. …
10
votes
How does the Ethereum ETH accounting system work and prevent double-spends?
Each mining node determines the transactions it wants to execute and as it executes them it is also searching for the next block at the same time. … This means that when a mining node is lucky enough to discover the next block it has already chosen the transaction that has won and it will not execute two competing transactions with the same nonce. …