Here's a breakdown:
* Sharing electrons: This creates covalent bonds. In these bonds, two atoms share one or more pairs of electrons, creating a stable configuration for both atoms.
* Transferring electrons: This creates ionic bonds. In these bonds, one atom loses one or more electrons, becoming positively charged (a cation), while another atom gains the same number of electrons, becoming negatively charged (an anion). The opposite charges attract each other, holding the ions together in a stable arrangement.
Therefore, the sharing or transfer of valence electrons is the fundamental process that leads to the formation of chemical bonds, ultimately determining the structure and properties of molecules and compounds.