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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People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
Sep 15, 2020 at 13:00
News
People’s Bank of China: Digital Yuan Will Be a Form of Local Currency
When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.
What Is the Difference Between Cryptocurrencies, Stablecoins and Privacy Coins?
Sep 14, 2020 at 11:32
News
What Is the Difference Between Cryptocurrencies, Stablecoins and Privacy Coins?
A lot of people don’t know the difference between cryptocurrencies, stablecoins, and privacy coins. On one hand, both stablecoins and privacy coins belong to cryptocurrency. However, these kinds of coins possess peculiarities cryptos like bitcoin don’t have.
US Tax Service is Willing to Pay for Cracking Monero
Sep 12, 2020 at 09:18
News
US Tax Service is Willing to Pay for Cracking Monero
As privacy coins such as Monero are widely used for illegal purposes, financial regulators and watchdogs seek ways to de-anonymize them. Now, the United States Internal Revenue Service (IRS), is going to pay for cracking Monero (XMR).
What Do Banks See In Blockchain Technology?
Sep 09, 2020 at 12:30
News
What Do Banks See In Blockchain Technology?
Banks have a different perspective and vision when it comes to blockchain. Some banks support this groundbreaking technology, some are still lagging behind and redundant, and others are still against it.
Monero's Privacy Raises Concerns Among Regulators
Sep 03, 2020 at 11:09
News
Monero's Privacy Raises Concerns Among Regulators
The privacy offered by Monero is putting this cryptocurrency in trouble by raising more regulatory concerns among financial watchdogs.
Digital Yuan is Still Too “Green” to be Used for Large Transactions
Aug 25, 2020 at 09:21
News
Digital Yuan is Still Too “Green” to be Used for Large Transactions
The People’s Bank of China is not going to expand trials of its CBDC to large volume transactions. For now, at least.
Drug Dealers Use Bitcoin: Young Man Arrested in India
Aug 24, 2020 at 14:00
News
Drug Dealers Use Bitcoin: Young Man Arrested in India
Law enforcement agencies make their best efforts to combat criminals performing drug transactions via the darknet. On August 24, the Indian Narcotics Control Bureau arrested a young man for buying ecstasy pills using Bitcoin.
Cryptocurrency Transactions to Be De-Anonymised; Is It the End of Privacy Coins?
Aug 13, 2020 at 13:36
News
Cryptocurrency Transactions to Be De-Anonymised; Is It the End of Privacy Coins?
The Russian intelligence agency has developed a new artificial intelligence (AI)-based system to track and de-anonymize Bitcoin (BTC) and other cryptocurrency transactions. Does it mean that privacy coins will lose their popularity?
3 Reasons Why Bitcoin Transactions Are Slow
Aug 01, 2020 at 08:27
News
3 Reasons Why Bitcoin Transactions Are Slow
Despite Bitcoin offering unprecedented decentralization and security, its network has one significant flow, namely, the transaction speed. A single transaction processing can take up to 10 minutes. But why is this happening?
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