Ethereum Transaction

In the world of blockchain, Ethereum transactions occur when the transfer of one token takes place from one Ethereum account to another. It is the action that is initiated by an externally owned account and is in the complete hands of people. The credit in the receiver's address ensures debit had happened in the sender’s account.

This change in the state of accounts is referred to as a transaction. Now the message which makes up the transaction is known as an RLP encoded array. This RLP encoded array can specify the details of the transaction thoroughly. It comprises all the important details such as the recipient, the gas limit, gas price, the value, and the signature.