Transaction Lifecycle

Every transaction on DKPChain goes through a complete lifecycle, from initiation to final confirmation. This process involves several stages:

Transaction Initiation

Users initiate transactions through the client application, which could be a simple token transfer or a complex smart contract operation. Transaction information includes the sender, receiver, transaction amount, and any relevant smart contract data.

Transaction Broadcasting

Once a transaction is initiated, it is broadcasted to the DKPChain network. This process involves disseminating transaction data to nodes in the network for subsequent verification and confirmation.

Transaction Verification

Nodes in the network, upon receiving the transaction, perform verification. This includes checking the validity of the transaction, such as the correctness of digital signatures and the sufficiency of account balances.

Transaction Packaging

Once verified, the transaction is packaged into a block. This process is carried out by miners or verification nodes responsible for combining multiple transactions into a block and adding it to the blockchain.

Block Confirmation

The newly generated block needs confirmation from other nodes in the network. This process involves consensus mechanisms such as POSA or TPOS to ensure the validity and consistency of the block.

Transaction Completion

Once the block is confirmed and added to the blockchain, the transactions within it are considered completed. This marks the end of the entire lifecycle from initiation to final confirmation.