-The leader receives the [RuntimeTransaction](https://docs.arch.network/book/sdk/runtime-transaction.html) and proposes a new block to the other network participants. The validators execute the transaction in parallel and provide signatures for the transaction(s) as well as the block; these outputs (execution receipts, program data, and completed state transitions) are then shared back to the leader. After enough signatures have been collected (ie, a threshold has been met), the leader then submits a fully signed Bitcoin transaction to the Bitcoin network.
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