content

Author: wslyvh

content/tutorials/what-happens-when-you-send-dai.md

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+---
+title: "What happens when you send 1 DAI"
+description: "A transaction is just a way to tell the Ethereum network that you, as a user, want to execute an action (e.g. sending 1 DAI). A wallet helps build such transaction in a relatively beginner-friendly way."
+authors: ["@tinchoabbate"]
+tags: ["Smart Contracts","Security","Wallets"]
+languages: []
+url: "https://www.notonlyowner.com/learn/what-happens-when-you-send-one-dai"
+dateAdded: 2023-12-03
+level: "Intermediate"
+---
+
+You have 1 DAI.
+
+Using a wallet's UI (like Metamask), you click enough buttons and fill enough text inputs to say that you're sending 1 DAI to 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045 (that's vitalik.eth).
+
+And hit send.
+
+After some time the wallet says the transaction's been confirmed. All of sudden, Vitalik is now 1 DAI richer. WTF just happened?
+
+Let's rewind. And replay in slow motion.
+
+Ready?