Commit 65cd6e65 authored by dnaleor's avatar dnaleor
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Update transaction.md

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A transaction's parameters are one or more recipient addresses with the corresponding amounts of funds to send to them, and a `mixin_count` parameter that specifies the amount of outputs the transaction will have mixed in. Higher amounts of `mixin_count` offer more anonymity, but that comes with a cost, since the transaction gets larger and therefore the transaction fees get higher as well.
A transaction's parameters are one or more recipient addresses with the corresponding amounts of funds to send to them, and a `mixin_count` parameter that specifies the amount of outputs the transaction will have mixed in. Higher amounts of `mixin_count` offer more anonymity, but that comes with a cost, since the transaction gets larger and therefore the transaction fees get higher as well. The fact that this mixing can be done offline is a huge benefit for privacy.
A transaction is uniquely identified by a Transaction ID, which is usually represented as a 32-byte string (64 hexadecimal characters).
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