The term “relayed by” in the context of blockchain refers to the process by which a transaction is verified and added to the blockchain. When a transaction is made on the blockchain, it is first verified by what are known as “nodes.” Nodes are computers that are connected to the blockchain network. Once a transaction is verified by a node, it is then “relayed” to the rest of the network. The term “relayed by” simply refers to the fact that the transaction has been verified by a node and is now being relayed to the rest of the network.
Other related questions:
Q: What is relay in blockchain?
A: A relay is a type of node in a blockchain network that is responsible for forwarding transactions to other nodes. Relays play an important role in ensuring the decentralization of a blockchain network, as they help to distribute the load of processing transactions across the network.
Q: What is a relayed transaction?
A: A relayed transaction is a transaction that has been broadcast to the network by a node, but has not yet been included in a block.
Q: What is an Ethereum relay?
A: Ethereum relay is a system that allows for the trustless exchange of data and value between different Ethereum networks.
Q: What is Bitcoin relay?
A: Bitcoin relay is a technology that allows for fast and secure bitcoin transactions. It is based on the idea of a trustless, decentralized network, which means that there is no need for a central authority to oversee or manage the system. Instead, the network is maintained by a network of computers that all work together to validate transactions and keep the system running smoothly.
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- What is Relay Chain? Definition & Meaning | Crypto Wiki