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Conflux Basics

Basic concepts in Conflux network

📄️ Transactions

A transaction is a single instruction composed by an external actor with a Conflux account, and this instruction is cryptographically signed using the sender account’s private key. A transaction can involve a simple transfer of CFX (the native currency of Conflux), a transfer of tokens (such as ERC20 or ERC721), a deployment of a new smart contract, or an execution of a function on an existing smart contract. Transactions are the only way to store or update data on the blockchain.