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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USA Welcoming Cryptocurrency Despite Regulatory Pressure
Feb 23, 2021 at 16:04
News
USA Welcoming Cryptocurrency Despite Regulatory Pressure
The USA has been the globe’s major player in practically all industries. No wonder that all nascent technologies find their home and development in the country. Cryptocurrency is not an exception. Despite its motherland being considered to be China, the first commercial transaction involving digital assets was made in the USA.
The Truth About Criminal Reputation of Cryptocurrency
Feb 16, 2021 at 15:03
News
The Truth About Criminal Reputation of Cryptocurrency
For long, there has been a misconception and false narrative surrounding the community of Bitcoin’s or any other cryptocurrency’s role in illicit operations.
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Feb 15, 2021 at 12:58
News
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Kenya, through its central bank, has lately announced a controversial move to employ bitcoin as a reserve currency in a bid to improve the country’s economic performance. However, whether or not this shift will serve the intended purpose remains a matter of debate.
Cryptocurrency vs Fiat: How Terrorists Use Various Kinds of Money to Fund Their Activities
Feb 09, 2021 at 16:01
News
Cryptocurrency vs Fiat: How Terrorists Use Various Kinds of Money to Fund Their Activities
Cryptocurrency is a powerful weapon used to overthrow governments. Terrorists are taking advantage of this new innovation in the finance industry. However, it’s not just cryptocurrency that is being used to facilitate terrorism activities; huge sums of fiat money transactions have been made worldwide to support the same act.
2 Things Bitcoin Needs to be Widely Accepted as a Currency
Feb 08, 2021 at 13:01
News
2 Things Bitcoin Needs to be Widely Accepted as a Currency
Bitcoin still has a long journey to be widely accepted. This is not because it is hated or not suitable to be used in making transactions, but it’s majorly because of its volatile nature and many factors that need to be worked on. Bitcoin is very volatile to be widely putative as a stable currency.
Cryptocurrency vs. Fiat: Drug Dealers Prefer Traditional Money to their Digital Alternative
Feb 05, 2021 at 15:13
News
Cryptocurrency vs. Fiat: Drug Dealers Prefer Traditional Money to their Digital Alternative
The cryptocurrency market is among the biggest unregulated sectors in the globe. Before the coming of digital money, drug dealers were using cash as the main means of making transactions. Now, things have changed a little bit. However, drug dealers still prefer using fiat than cryptocurrencies.
Clearing the Reputation: Criminal Cryptocurrency Transactions have Declined
Jan 30, 2021 at 14:05
News
Clearing the Reputation: Criminal Cryptocurrency Transactions have Declined
The amount of Bitcoin transactions used in facilitating or making illegal activities is now on the low. According to the new data by Chainlink, a blockchain analysis company, the number of criminal cryptocurrency transactions is now less than 1%.
Privacy Coins as a Threat: 2 Main Reasons Why Cryptocurrency Exchanges Delist Them
Jan 11, 2021 at 15:15
News
Privacy Coins as a Threat: 2 Main Reasons Why Cryptocurrency Exchanges Delist Them
Privacy coins have been a quite controversial topic for long. While many users favour them as a way to preserve their privacy, cryptocurrency exchanges and regulators are against them. But do they really pose a threat?
Investors Are Selling Bitcoin: Will It Stop the Coin's Rally?
Jan 05, 2021 at 15:02
News
Investors Are Selling Bitcoin: Will It Stop the Coin's Rally?
Big investors and companies are selling their Bitcoins (BTC) at an all-time high price. This has triggered the massive selloff of the flagship crypto, thus affecting its value.
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