The mystery of transactions op_return: a deep dive in the unique functionality of Ethereum
As one of the most innovative and influential blockchain platforms, Ethereum has always pushed the limits with its unique characteristics. Such a functionality that has drawn significant attention is OP_TRETURN (optional yield), a type of transaction introduced in 2017 as upgrade to the great public book of Ethereum. In this article, we will immerse ourselves on the OP_return transactions, how they work and why they were introduced.
What is an op_return transaction?
OP_Return is a special type of transaction on the Ethereum network which allows more effective storage and recovery of user data. Unlike regular transactions, which store metadata in a public key, OP_return transactions store data in a private key. This facilitates the safety of sensitive information while allowing users to recover their data if necessary.
How is an OP_return transaction created?
The creation of an OP_return transaction is relatively simple and transparent. When a user wishes to transfer the ether (ETH) or other assets from one portfolio to another, he can create a transaction OP_Preturn using the following steps:
- The sender creates a new Ethereum address.
- They specify a public key which will be used for data storage.
- They defined an indicator indicating whether the transaction is a “return” transaction (that is to say data recovery).
- The sender includes the metadata or the data he wishes to store in the OP_return transaction.
How do OP_return transactions work?
When a user initiates an OP_return transaction, it is distributed to the Ethereum network for verification. If the transaction is confirmed and accepted by the network, it is stored as a private chain key.
Here is how the transactions op_return are treated:
- Verification : The sender’s portfolio checks that the transaction has been sent to them correctly.
- Blockchain treatment : Once checked, the transaction is disseminated to the Ethereum network for treatment.
- Validation
: A special node called a validator performs a series of complex mathematical calculations to validate the transaction and ensure its integrity.
- Storage : If the transaction is confirmed, it is stored as a private key to chain.
Why was OP_PRETURN introduced?
OP_Return was introduced by Vitalik Buterin, one of the co-founders of Ethereum, in 2017. The introduction of OP_PRETurn allowed users to store and recover sensitive information without exposing their public keys. This decision was motivated by several factors:
* Safety : By storing sensitive data in private keys, users can ensure that their personal information remains secure.
* Efficiency : OP_Turn transactions are faster than traditional transactions because they do not require the storage of metadata in a public key.
* Evolution : The introduction of OP_return has enabled a more effective use of network resources and increased scalability.
Impact of op_return on Ethereum
The introduction of Op_return had a significant impact on the Ethereum network. It allowed users to secure sensitive information safely, which reduces the need for intermediaries such as portfolios and exchanges. In addition, the OP_RETURN transactions have increased the average volume of transactions by offering more efficient and secure data storage options.
Conclusion
Op_return is an innovative feature that allows more efficient storage and recovery of data on the Ethereum network. Its introduction has revolutionized the way users interact with their assets and stored data. As one of the most influential blockchain platforms, Ethereum continues to push the limits with its unique characteristics, including OP_Return. This article gives a complete overview of what the return transactions of OP, their operation and the reason for which they were introduced.
Sources:
- “Ethereum 2.
