The Ethereum's protocol boast of a secure transparent transactions which hinges on its robust validation process. The meticulous process ensures that only valid data are permanently recorded, fostering trust and security in the network.
When a user sends a transaction. The transaction is signed using their unique private key, creating a tamper-proof seal. This signed data which contains sender/recipient details, the amount being transferred, and crucial signature components is then broadcasted to multiple Ethereum nodes.
These nodes meticulously verify each transaction before adding it to a block and broadcasting again. Upon receiving a transaction, a node embarks on a three-stage verification process. First, they unveil the sender's identity hidden within the cryptographic signature. Using the ECDSA algorithm, they extract the sender's public key, confirming the transaction originated from the claimed source. Next, the nodes verifies the signatur