Dissecting a transaction
As data analysts, it’s crucial for us to grasp the unique structure of each blockchain we analyze, as it influences how we search for and interpret information.
For instance, Bitcoin follows a structure based on spent and unspent transactions, while Ethereum operates on an account-based protocol. The underlying structure changes our approach to the data we want to fetch.
In the case of Ethereum, a transaction is a message initiated by an Externally Owned Account (EOA) that gets recorded on the network. A transaction is the kick-off moment that triggers the Ethereum machinery and leads to a change in its state.
To exemplify the concepts described in the subsequent sections, we will dissect a transaction associated with the 0x1aD91ee08f21bE3dE0BA2ba6918E714dA6B45836 Address. This address belongs to the mining pool named Hiveon.
The transaction’s hash is 0x032ed60363beb809a2b9c9790bb7dadd83b743040945a087aeecbe9e6b2dc2af. By pasting this...
