Transactions are created by the network users in order to update the ledger.
A transaction is expected to be digitally signed and valid in order for it to be considered as a candidate in the consensus process.
From Initiation to Immutable Confirmation (Part 2)
Each transaction costs a small amount of XRP, which serves as a protection mechanism against denial of service attacks caused by spamming.
There are different types of transaction in the Ripple network.
A single field within the Ripple transaction data structure called TransactionType is used to represent the type of the transaction.
First, transactions are prepared whereby an unsigned transaction is created by following the standards 2.
The second step is signing, where the transaction is digitally signed to authorize it 3.
After this, the actual submission to the network occurs via the connected server 4.
Why This Matters for Blockchain Technology
Finally, the verification is performed to ensure that the transaction is validated successfully Roughly, the transactions can be categorized into three types, namely payments related, order related, and account and security related.
Key Points to Remember
- Transactions Transactions are created by the network users in order to update the ledger.
- A transaction is expected to be digitally signed and valid in order for it to be considered as a candidate in the consensus process.
- Each transaction costs a small amount of XRP, which serves as a protection mechanism against denial of service attacks caused by spamming.
- There are different types of transaction in the Ripple network.
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.