Traces provide information that is generally lower-level to that of event logs. Another important distinction is that traces store the ID of every single transaction so it is easy to visualize the entire workflow. This ID is commonly known as the trace ID, transaction ID, or correlation ID.
Unlike event logs, traces are not meant to be human-readable. They are processed by a tracer. When implementing tracing, it is necessary to use a tracing solution that integrates with all the possible elements of the system: frontend applications, backend applications, and databases. This way, tracing helps to pinpoint the exact cause of lagging performance.