Transaction Life Cycle in Ethereum

Here, we look at the steps a transaction takes from creation until finalization.

Transaction life cycle

1. A client assembles the transaction from all necessary data.
2. The client calculates the transaction hash
3. The transaction is then broadcasted to the network. Other nodes store this transaction in their mem-pool.
4. Block producers pick this transaction, verify it and include it in a block.
5. The block is propagated to the network
6. Validators validate the block. First, it becomes justified and later finalized. (See Beacon Chain)