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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Privacy Coins to Be De-Anonymized: Monero Is to Fall First
Nov 25, 2020 at 14:35
News
Privacy Coins to Be De-Anonymized: Monero Is to Fall First
Privacy coins have been the lasting concern of the governments and financial authorities. Their enhanced anonymity features allow to use the coins for illegal purposes such as tax evasion, money-laundering, terrorism financing, drug trading, cryptojacking, etc.
Ukrainian Sentenced for Stealing $10 Million Worth of Bitcoin from Microsoft
Nov 10, 2020 at 14:56
News
Ukrainian Sentenced for Stealing $10 Million Worth of Bitcoin from Microsoft
The US District Court in Seattle sentenced a Ukrainian man for stealing around $10 million in cryptocurrency while working as an engineer at Microsoft.
Mixing Wallets Get Simple Pointing to the Growing Need in Privacy
Nov 05, 2020 at 14:20
News
Mixing Wallets Get Simple Pointing to the Growing Need in Privacy
The anonymity of cryptocurrency transactions has been a pain in the neck of most financial regulators. Countries are strengthening their regulation to track those wishing to use digital currencies for illegal purposes. However, the community players are constantly seeking ways to preserve their privacy.
Not Unhackable: The Number of Blockchain Cyberattacks is Growing
Oct 30, 2020 at 13:58
News
Not Unhackable: The Number of Blockchain Cyberattacks is Growing
Blockchain technology is considered to be secure and immutable due to its decentralized nature. But as it becomes more popular with new solutions popping up almost daily, hackers become inventive enough to find vulnerabilities and attack it.
Crypto Debit Cards Could Be the Key to Wide Adoption of Digital Currency
Oct 29, 2020 at 14:33
News
Crypto Debit Cards Could Be the Key to Wide Adoption of Digital Currency
Most people prefer to use cryptocurrency for storing value and profit rather than for making payments and transactions. However, the adoption of crypto cards puts digital currency closer to conventional money.
Top 4 Reasons For The Growth Of Bullswap
Oct 29, 2020 at 13:57
News
Top 4 Reasons For The Growth Of Bullswap
Trading of cryptocurrencies, also referred to as decentralized exchange is on the rise amongst the crypto asset activist who engages in decentralized finance. Decentralized Exchange (DEX), involves the exchange of cryptocurrency in a decentralized model thus allowing crypto assets activists to trade amongst themselves.
US Regulators to Define Cryptocurrency as Money to Combat Terrorism Financing
Oct 26, 2020 at 14:32
News
US Regulators to Define Cryptocurrency as Money to Combat Terrorism Financing
The US Federal Reserve Board and Fincen are proposing to extend the definition of money to include cryptocurrency. This move might prove that financial regulators are willing to admit digital money as a payment method while opening up new possibilities for it. On the other hand, this might also mean a strengthening of control.
Central Banks Are Getting a Prototype of CBDC
Oct 21, 2020 at 13:40
News
Central Banks Are Getting a Prototype of CBDC
A new token based on the Public Corda network might become a prototype of Central Bank Digital Currency (CBDC) as it was designed and launched within the G20 sanctioned FATF standards.
Monero Receives an Update to Preserve Privacy Amidst Attempts to De-Anonymize It
Oct 18, 2020 at 11:24
News
Monero Receives an Update to Preserve Privacy Amidst Attempts to De-Anonymize It
XMR developers announced the release of a new update that would help to preserve and enhance the coin’s privacy feature. According to the Monero blog, the new node software will allow for improvement of transaction size and speed, while still preserving complete anonymity.
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