KuCoin Unveils USDC Transaction Cycle: A Step-by-Step Process

KuCoin has provided an explanation of the transaction cycle on their platform, specifically highlighting the steps involved in processing a USDC transfer.

The process begins when a user initiates a transaction from their wallet, which is then received by Arc's infrastructure on Circle's wallet. The RPC Node serves as a technical validation point, followed by entry into the mempool, where transactions are filtered and processed.

The Validator plays a crucial role in verifying transactions, leading to Consensus, which ensures the integrity of the network. Once consensus is reached, the Execution Layer updates balances and ledgers, culminating in Finalization.