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Transactions

A bitcoin transaction is how a transfer of value is broadcasted to the Bitcoin protocol. Bitcoin transactions themselves are not encrypted, meaning anyone choosing to use a block explorer can view transactions, which is why the Bitcoin blockchain is often referred to as an open ledger. Transactions are confirmed by participants of the network, and after multiple confirmations, the transactions are considered immutable.

Related: Fees | Layer 2 | Scaling | Lightning Network | Smart Contracts