👉 In chemistry, oxidation-reduction is a chemical reaction in which electrons are transferred from one element to another. The general process involves two main steps: 1. Electrons are lost or gained on an atom. 2. The atoms combine with other atoms to form new compounds. For example, when iron (Fe) reacts with oxygen (O2), it undergoes a chemical reaction that results in the formation of iron(III) oxide (Fe2O3). This is known as oxidation-reduction