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Questions about runtime calls that can be submitted to the blockchain. a.k.a. Transaction, Dispatchable

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Should events be taken into account if their extrinsic fails?

Example link: In extrinsic balances.transfer, the events balances.Withdraw and balances.Deposit were triggered, which indicate a change in the balance of two addresses. … The system.ExtrinsicFailed event was also called which indicates that extrinsic failed. Should balance changes in this case be taken into account or should they be ignored? …
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