Transaction messages can be divided into two types: deployment transactions and invocation transactions.
The former is used to deploy new chaincode to the ledger, and the latter is used to call functions from the smart contract.
From Initiation to Immutable Confirmation (Part 2)
Public transactions are open and available to all participants whilst confidential transactions are visible only in a channel open to its participants.
Why This Matters for Blockchain Technology
Understanding Transactions is not just an academic exercise — it has real-world implications for how blockchain systems are designed, deployed, and secured. Whether you are a developer building decentralized applications, a business leader evaluating blockchain adoption, or a curious learner exploring the technology, this knowledge provides a critical foundation.
Key Points to Remember
- Transactions Transaction messages can be divided into two types: deployment transactions and invocation transactions.
- The former is used to deploy new chaincode to the ledger, and the latter is used to call functions from the smart contract.
- Public transactions are open and available to all participants whilst confidential transactions are visible only in a channel open to its participants.
Conclusion
Transactions represents one of the many innovative layers that make blockchain technology so powerful and transformative. As distributed systems continue to evolve, a solid understanding of these core concepts becomes increasingly valuable — not just for developers, but for anyone building, investing in, or working alongside blockchain-powered systems.
Whether you are just starting your blockchain journey or deepening existing expertise, mastering these fundamentals gives you the tools to think clearly about decentralized systems and make smarter decisions in this rapidly evolving space.