Transactions » Overview

What is a transaction on the Lamden Network? #

All transactions on the Lamden Network are smart contract transactions.

When you create a transaction you are specifying:

  • The name of the smart contract.
  • the method/function of the smart contract you want to execute.
  • The arguments to provide to the smart contract.

Prerequisites #

Stamps #

Transactions on the Lamden Network are paid for in “Stamps”. Stamps are converted to TAU in the system and deducted from your wallet balance. If you do not have a sufficent TAU balance then your Tx will either fail to be accepted by the network or fail during execution.

Updated on February 3, 2021