Marketers Dive - Blockchain Guide

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How Blockchain Works, in 6 Steps
Blockchain Guide: Everything You Need to Get Started, Step-by-Step 3

Having arrived here, to clarify our ideas, let's imagine how a transaction on the blockchain takes place.

Phase 1
First of all a transaction is requested . The transaction can be either information or some good of monetary value.

Phase 2
A block is created to represent the transaction. However, the transaction is not yet validated.