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How to check an Ethereum transaction By Cointelegraph

A transaction on the blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether (ETH) to User B, the action of debiting from one account and crediting to another changes the blockchain’s state.

The change specifically takes place on the Ethereum Virtual Machine (EVM). Ethereum transactions need to be broadcast to the entire network, and any node can broadcast a request for the execution of a transaction on the EVM.

Step 2: Enter the transaction hash into the blockchain explorer’s search field

Step 4: Check if the transaction was successful or not

Why should traders check a transaction’s status?