FAQs related to How to Decode Input Data from a Transaction?
1. What is input data in transaction?
The input data refers to the data included in the transaction such as function calls, parameters, and other instructions for the smart contracts that tells the blockchain what to do with the transaction.
2. List some tools that can be used to decode input data from a transaction.
Tools that can be used to decode input data from a transaction includes Etherscan, Web3.js, Ether.js, ABI Decoder.
3. Why it is important to decode the input data from transactions?
Decoing input data from transactions helps to verify the purpose and authenticity of transactions, debugging and developing smart contracts, and monitoring and analyzing the blockchain activity.
How to Decode Input Data from a Transaction?
When transactions are transmitted over the network or exchanged between applications, they are serialized. Serialization is most commonly used for encoding data structures for transmission over a network or for storage in a file. The serialization format of a transaction output is shown in Transaction output serialization. This article focuses on discussing steps to decode input data from a transaction.
Table of Content
- What is Serialization?
- Raw Bitcoin Transaction
- Format of Various Fields in Serialized Transaction
- Decoding the Transaction
- Detailed Explanation
- Verification
- Conclusion