Learn Before
Definition icon
Definition

Ethereum Transaction Fields

An Ethereum transaction contains information that authorizes an externally owned account to transfer value or interact with a smart contract:

  • sender (from): The externally owned account that signs and initiates the transaction.
  • recipient: The receiving account or smart contract. A transfer can send value to an account, while a transaction addressed to a smart contract can execute its code.
  • signature: Authorizes the transaction and identifies its sender.
  • value: The amount of Ether transferred from the sender to the recipient.
  • nonce: A counter tracking the number of transactions sent from the sender's account.
  • data: Optional data used for a smart-contract interaction or contract deployment.
  • gas limit: The maximum number of gas units the transaction may consume.
  • maximum priority fee per gas: The sender's maximum tip per gas unit for the validator.
  • maximum fee per gas: The highest total fee per gas unit the sender is willing to pay.

0

1

Definition icon
Updated 2026-09-19

Tags

Cryptoeconomics

Economics

Externally-Owned Account

Ethereum Accounts

Contract Account

Social Science

Empirical Science

Science

Smart contracts

Blockchain

Economy

The Economy 2.0 Macroeconomics @ CORE Econ