Transaction data refers to the recorded details of every exchange of cryptocurrency between users. Each transaction contains key information such as the sender’s wallet address, the recipient’s wallet address, the amount of cryptocurrency transferred, and a timestamp indicating when the transaction occurred.This data is essential for maintaining the integrity and security of the cryptocurrency system. Once a transaction is completed, it is grouped with others into a block and added to a public ledger called the blockchain. This ledger is accessible to all users, providing transparency and traceability of all transactions.In addition to financial exchanges, transaction data can include other elements like fees paid to miners or validators for processing the transaction. As the network grows and more transactions occur, this data plays a critical role in ensuring the system functions smoothly and prevents double-spending or fraudulent activities. Understanding transaction data is vital for anyone involved in buying, selling, or using cryptocurrency.