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What does the 'to' property in a transaction object refer to?

  1. The address of the account sending funds

  2. The amount of ether to be sent

  3. The address the funds are being sent to

  4. The gas price agreed upon for the transaction

The correct answer is: The address the funds are being sent to

The 'to' property in a transaction object specifically refers to the address the funds are being sent to. When a transaction is initiated, it is crucial to identify the recipient’s address correctly, as this determines where the cryptocurrency, such as ether in Ethereum transactions, will be delivered. This property effectively acts as the destination for the funds being transferred, allowing for transactions to be directed to the correct wallet. Understanding this property is essential for any blockchain developer, as it plays a critical role in ensuring the correct flow of funds and maintaining the integrity of transactions on the blockchain. The other properties mentioned—like the sender’s address, the amount of ether, and the gas price—serve different purposes in the transaction process but do not relate specifically to the destination of the funds.