Metamask: What is the transaction life cycle?

Understanding the Life Cycle of Metask Transactions: A Step -By -Step Guide

Metask is a popular web wallet platform and decentralized app (DAPP) that allows users to interact with various Ethereum compatible applications, without evering about transaction verification verification querification. However, when .

Step 1: Creating Transactions

When

• Network for a new transaction.

.

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Step 2: Gas Price Calculation

Before sending the transaction, metask calculates the optimal gas price to use for your transaction. This is done by taking into account factors such as:

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• Number of Gas Units Needed To Execute The Transaction

• Estimated Gas Prices in Ethereum Network

Metask uses a smart contract called gasprice estimator to estimate the optimal gas price. This Contract takes into account various factors including:

• User's Metask Balance (to Ensure Sufficient Transaction Funds)

• Addressor and Recipient Addresses (to Minimize Gas Costs)

• Transaction Structure and Complexity

Step 3: Payment of Gases

. This implies:

• Sending a request to the Ethereum Network to pay the Gas Amount

• Using Gas Prices calculated byGaspricestimator ‘as a Basis for Payment

Step 4: Checking Transactions

The Transaction is checked and executed in the Ethereum Network:

• Evm Checks the Transaction Structure and Ensures that it complies with the specified rules

• The Transaction is Broadcast on the Network for Validation and Confirmation

• If the transaction passes the validation, it is added to the blockchain and a “block” is created

Step 5: Creating the Block

When multiple transactions are combined in a single block, they are incorporated and created as a new block. This process is called “Block Fusion”.

Step 6: Settlement of Transactions

Once a block is created it is transmitted to the Ethereum Network for Verification and Settlement:

• Evm Checks the content of the Block and Ensures that Everything is correct

• The Transaction is Checked Again in the Network (If Applicable)

• Once Checked, The Block is Added to The Blockchain

Step 7: Confirmation

The last step in the life of metask transactions is confirmation. Here:

• “Confirmation” Message is sent back to metask, indicating that transaction has been successfully processed

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. From the Creation of the Initial Transaction to check

Note that this is a simplified explanation of the life cycle of metamark transactions.

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