Transaction

A cryptocurrency transaction is a financial agreement carried out between a buyer and a seller to exchange an asset for payment (bitcoin, altcoin, or any other cryptocurrency token).

The blockchain technology is used to verify and record Bitcoin transactions. It allows buyers and sellers to connect directly, eliminating the need for a middleman, and to prevent double spending. 

Read more on the cryptocurrency and blockchain transaction on Coinidol.com:

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3 Reasons Why Payment Service Platforms Switch to Blockchain, Facilitating the Adoption of the Tech
May 16, 2021 at 11:30
News
3 Reasons Why Payment Service Platforms Switch to Blockchain, Facilitating the Adoption of the Tech
Several giant payment service providers are flocking to using encrypted decentralized technologies including blockchain to create payment platforms that can facilitate and support fast, secure, cheap cross-border payment processing services which offer real-time validation of transactions minus the involvement of third parties.
DEFIT’s User Reward System
May 10, 2021 at 09:09
News
DEFIT’s User Reward System
The world of decentralized finance has gained its popularity for various reasons such as low costs, more transparency, increased reliability and trust, faster transactions, and much more. However, one specific characteristic of DeFi plays the part of the primary driving force behind its popularity: incentives.
Ethereum Is Growing on a Wave of Investment
May 06, 2021 at 11:35
News
Ethereum Is Growing on a Wave of Investment
Ethereum has seen a significant investment inflow over the past week. Probably, that is the main reason to explain the uptrend in the biggest altcoin's price.
MasterCard: There is Increased Use of Digital Payment Technologies During Covid-19 Pandemic
May 06, 2021 at 10:36
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MasterCard: There is Increased Use of Digital Payment Technologies During Covid-19 Pandemic
According to the new research by MasterCard, it has been found that the use of digital payment technologies including mobile money (MoMo), Bitcoin and other cryptocurrencies have boosted especially during the Covid-19 pandemic.
Fraudsters Are Flourishing Amidst Bitcoin Fever: 23 Scams Happen Daily
May 05, 2021 at 11:15
News
Fraudsters Are Flourishing Amidst Bitcoin Fever: 23 Scams Happen Daily
Scammers are taking advantage of the bullish market of cryptocurrency to steal money. Since the interest in bitcoin, as well as other crypto-assets, has grown, criminals discovered it as a fruitful field for their activity. Currently, investment scams and phishing attacks are the most popular schemes.
A Seller’s Dilemma in e-Commerce and Blockchain
Apr 22, 2021 at 10:30
News
A Seller’s Dilemma in e-Commerce and Blockchain
The E-Commerce Industry has seen tremendous growth in the past years. Despite the COVID-19 outbreak that was believed to bring the sector to its knees, many businesses and customers have shifted towards e-commerce, resulting in the exponential growth of a digital ecosystem. This emerging growth in the industry is expected to accommodate the need of millions and millions of users to buy and sell seamlessly over online platforms.
Blockchain in the Air: Latvian AirBaltic Issues Its Own Non-Fungible Token
Apr 09, 2021 at 13:08
News
Blockchain in the Air: Latvian AirBaltic Issues Its Own Non-Fungible Token
The flag carrier of Latvia AirBaltic has become the first-ever airline to create non-fungible tokens (NFTs). The airline unveiled that it will create NFT in a short supply to exhibit one of its registered Airbus A220-300 and also use it to promote the tourism industry in the country.
Japan is at the Forefront of Innovation, Making History for the Global Cryptocurrency Community
Apr 05, 2021 at 12:33
News
Japan is at the Forefront of Innovation, Making History for the Global Cryptocurrency Community
There is a theory that Japan is the mother country of Bitcoin. Regardless of whether it is true or not, it was among the first countries to start making virtual currency transactions. Besides, Japan was the first country to solve the problem of double-spending for crypto using the P2P structure.
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
Apr 04, 2021 at 11:44
News
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
The features presented by blockchain would be forcing central banks to adopt and use the technology on a large scale, but some governments including China, Jamaica, etc., don't want their central banks to use the tech in the issuance and distribution of their own state-backed central bank digital currency (CBDC).
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