# \#concept **URL:** https://community.bitquery.io/tag/concept/41.md [Latest](https://community.bitquery.io/latest.md) · [Categories](https://community.bitquery.io/categories.md) · [Tags](https://community.bitquery.io/tags.md) --- ## [Transfers vs Transactions : What is the difference?](https://community.bitquery.io/t/transfers-vs-transactions-what-is-the-difference/1589)
**Author:** [@Divya](https://community.bitquery.io/u/Divya)\ **Replies:** 0\ **Last updated:** [August 3, 2023, 10:59am UTC](https://community.bitquery.io/t/transfers-vs-transactions-what-is-the-difference/1589 "2023-08-03T10:59:37Z")
Transaction A blockchain transaction is a unit of data that is recorded on a blockchain. It can be used to transfer ownership of tokens or to update the state of a smart contract. Transaction vs Transfer The terms “tran…