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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El Salvadoran Migrants Send Money Home Using Bitcoin: $3 Million Worth of Remittances Received in One Day
Oct 18, 2021 at 10:31
News
El Salvadoran Migrants Send Money Home Using Bitcoin: $3 Million Worth of Remittances Received in One Day
El Salvadorans seem to confirm that Bitcoin is the best solution for remittances between countries. According to President Nayib Bukele, the national Chivo wallet registered over $3 million worth of transactions in Bitcoins, most of which were sent from abroad.
Cryptocurrency Developers Are Taking Care of the Environment to Compensate for the Industry's Impact
Oct 13, 2021 at 10:35
News
Cryptocurrency Developers Are Taking Care of the Environment to Compensate for the Industry's Impact
The impact of the cryptocurrency industry on the environment has become an issue of great concern. Some countries like China have even decided to restrict their activities like mining and transactions.
El Salvadorans Embrace Bitcoin Despite Problems with the National Wallet
Sep 23, 2021 at 13:10
News
El Salvadorans Embrace Bitcoin Despite Problems with the National Wallet
Despite reported issues with Chivo wallet, the citizens of El Salvador actively embrace bitcoin as their second national currency. About 25% of the population shifted to cryptocurrency including Bitcoin (BTC).
Chivo Users Continue to Experience Difficulties Despite the President Saying Everything is Fixed
Sep 18, 2021 at 11:40
News
Chivo Users Continue to Experience Difficulties Despite the President Saying Everything is Fixed
It seems that the introduction of Bitcoin in El Salvador is not going as smoothly as expected. Although President Bukele publicly assured citizens that the problems with the Chivo wallet have been fixed, users are still reporting issues.
Worthpad Ecosystem — A Deep Dive
Sep 17, 2021 at 11:27
News
Worthpad Ecosystem — A Deep Dive
The world of cryptocurrency and decentralized finance has exploded over the past decade. What began as a niche technology that few people took seriously has evolved into the multi-trillion-dollar industry we see today.
Russians are Losing Interest in Bitcoin as it Fails to Reach New Highs
Sep 02, 2021 at 10:18
News
Russians are Losing Interest in Bitcoin as it Fails to Reach New Highs
Interest in Bitcoin among Russians appears to be waning as the market lacks a strong bullish move.
Custodial and Non-Custodial Exchanges: Choosing the Right Type for Your Strategy
Aug 23, 2021 at 13:50
News
Custodial and Non-Custodial Exchanges: Choosing the Right Type for Your Strategy
One of the most exciting innovations brought to financial ecosystems by blockchain is the capability to execute digital transactions between two parties without the need for an intermediary.
Akoin Pilot Makes Headway, Nationwide Launch to Happen in Kenya in September 2021
Aug 08, 2021 at 09:55
News
Akoin Pilot Makes Headway, Nationwide Launch to Happen in Kenya in September 2021
Akoin (AKN), Akon's cryptocurrency, has been piloted at the Mwale Medical and Technology City (MMTC) for almost a year. Now, the coin is set to be fully launched by September 2021. Is Akon one step away from his Akon City dream?
SENSO is Ready to Explore 6 NFT Use Cases on Polkadot
Aug 03, 2021 at 10:22
News
SENSO is Ready to Explore 6 NFT Use Cases on Polkadot
Sensorium Galaxy, an ambitious and widely talked-about metaverse project, has announced that it would soon introduce NFTs and move its SENSO token to a new blockchain built on Substrate. This marks a new step in the development of the metaverse, since other platforms have only explored the possibilities of issuing Ethereum-based NFTs.
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