This is an acid-base reaction (neutralization): Fe3O4 is a base, H2SO4 is an acid.
This is an oxidation-reduction (redox) reaction:
Fe8/3+2/3e-→FeII(reduction)
2Fe8/3-2/3e-→2FeIII(oxidation)
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Fe3O4 is both an oxidizing and a reducing agent (disproportionation (dismutation)).
Reactants:
Fe3O4 – Iron(II) iron(III) oxide
Other names: Iron(II,III) oxide, Ferrous ferric oxide, Ferroso ferric oxide
Appearance: Solid black powder
H2SO4 – Sulfuric acid
Other names: Oil of vitriol, Sulfuric acid, concentrated (> 51% and , H2SO4
Appearance: Clear, colorless liquid ; Odourless colourless oily hygroscopic liquid ; Colorless to dark-brown, oily, odorless liquid. [Note: Pure compound is a solid below 51°F. Often used in an aqueous solution.]
Products:
FeSO4 – Iron(II) sulphate
Other names: Iron(II) sulfate, Ferrous sulfate, Green vitriol