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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Limitations Imposed by the Central Bank of Belarus Could Drive Users to Cryptocurrency
Jul 19, 2021 at 12:39
News
Limitations Imposed by the Central Bank of Belarus Could Drive Users to Cryptocurrency
Belarus Central Bank is imposing new restrictions on foreign currency transactions in response to EU sanctions. Such a move could create complications for citizens and push them to seek alternatives such as cryptocurrencies.
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Jul 15, 2021 at 09:15
News
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Since the UK began hunting money launderers, British police have managed to seize over $408 million (£294 million) worth of illegal cryptocurrencies. This shows that the general situation with money laundering using cryptocurrencies in the United Kingdom is alarming.
ECOWAS is Debating Crypto Operation in West Africa but a Ban Seems Impossible
Jul 13, 2021 at 10:06
News
ECOWAS is Debating Crypto Operation in West Africa but a Ban Seems Impossible
The Economic Community West African States (ECOWAS) is at odds over the legality and operation of crypto in its member states. What will be the fate of cryptocurrencies in the region?
Prevention Is Better Than Cure: 5 Tips to Avoid Crypto Fraud When Trading in 2021
Jul 08, 2021 at 12:32
News
Prevention Is Better Than Cure: 5 Tips to Avoid Crypto Fraud When Trading in 2021
There isn't a single lucrative business in this world that doesn't attract the attention of scammers. Almost every cryptocurrency exchange has its "full-time" experienced scammer. Below are useful tips on how to overcome scams in 2021.
While Beijing Kicks Out Bitcoin Miners, Texas Welcomes Them: What's Special about the American State?
Jun 25, 2021 at 08:08
News
While Beijing Kicks Out Bitcoin Miners, Texas Welcomes Them: What's Special about the American State?
China, a workshop for more than 65% of the world's bitcoin, has taken a tough stance against crypto mining and related transactions, including a total crackdown on bitcoin mining.
Digital Wallets for Fiat vs Cryptocurrency Wallets: Which is Better?
Jun 21, 2021 at 08:20
News
Digital Wallets for Fiat vs Cryptocurrency Wallets: Which is Better?
General digitization has brought most of the world's population online. Most operations from virtually all walks of life, including payments, are going digital. Therefore, wallets have also gone digital. Storing money in a pocket is a relic of the past.
US Gains from Cryptocurrency Market are 3 Times Ahead of China
Jun 09, 2021 at 14:19
News
US Gains from Cryptocurrency Market are 3 Times Ahead of China
The rivalry between the United States of America (USA) and China has a long history. During the previous couple of years, they have been competing in practically every industry including blockchain and cryptocurrency.
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
May 30, 2021 at 10:01
News
China is Planning to Issue a Central Bank Digital Currency to Strengthen Surveillance Over its Citizens
China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens.
How Polygon Helps Blockchain Platforms Like PhoenixDAO?
May 26, 2021 at 09:26
News
How Polygon Helps Blockchain Platforms Like PhoenixDAO?
Polygon (previously Matic) is working to improve decentralized blockchain interoperability and help blockchain platforms bypass the limitations of the Ethereum Network. The company provides the tools and the knowledge to developers to create cross-chain applications that can integrate the Ethereum Network without compromising on scalability, security, or decentralization.
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