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Transactions are commands that modify the ledger state. Among other things, Transactions are used to send payments, enter orders into the distributed exchange, change settings on accounts, and authorize another account to hold your currency. If you think of the ledger as a database, then transactions are SQL commands.

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Regarding the attachment convention, is my interpretation correct? Attachments are sent outside of the ledger. The sha256 hash of the attachment data is included in the transaction's memo field only …
asked Jan 21 '18 by R.J.