In this track: From send to settlement
beginner · 3 MIN READ

Read a simple transfer receipt

Use a fictional receipt to connect status, gas and block context.

LET’S PICTURE IT

A practice receipt lets you learn the labels before you need to interpret a real payment under pressure.

SEE IT FOR YOURSELF
A transaction moves from Maya’s wallet through signing, node verification, peer sharing, a mempool, block inclusion and finality. Maya’s instructionTOLeo’s public addressAMOUNT0.01 ETHPretend transactionFirst, the wallet prepares a request. Maya’s walletSignature added ✓Private key stays in wallet 🔒Signed request WalletSigned requestNode AChecks ✓Node BChecks ✓Node CChecks ✓Node DChecks ✓NODE C’S LOCAL MEMPOOLVerify.Then share. Pending requestsProposed blockMaya → Leo · 0.01A proposer includes it. Nodes check the result. BlockIncludedCheckpointAgreementFinalizedValidator checkpoint votes support finality.Simplified model · not one vote per transaction
Illustration · no network calls
Prepare
→
Sign
→
Share
→
Include
→
Finalize

Maya prepares an instruction: send 0.01 pretend ETH to Leo.

A local simulation. Nothing is signed or sent to a network.

Start with a clearly labeled example

Imagine a fictional simple transfer receipt with status 1, gas used 21000 and effective gas price 12000000000 Wei. These values are teaching inputs, not retrieved chain data. A real receipt also identifies its transaction and block.

Interpret status precisely

Status 1 means the top-level execution succeeded under the relevant rules. It does not prove that the destination was the person you intended or that the transaction was a sensible economic choice.

Calculate the execution fee

Multiply 21000 by 12000000000 Wei to get 252000000000000 Wei. The exact converter displays this as 0.000252 ETH. Do not multiply by cumulative gas used from the block instead.

Ask about finality separately

The block hash tells you which block this receipt belongs to. You still need the chain’s accepted and finalized view to assess settlement. A successful receipt and a finalized block answer different questions.

TURN UNDERSTANDING INTO PRACTICEOpen the Gas calculator →
QUICK CHECK · NO PRESSURE

The fictional receipt uses 21,000 gas at 12 Gwei. What is its execution fee?

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Original explanations by EtherTools. Examples are educational and source-linked; this site is independent of the Ethereum Foundation. Our approach.