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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Crypto Newbie: The Scary Word “Blockchain” and What It Means
Jul 05, 2020 at 11:34
News
Crypto Newbie: The Scary Word “Blockchain” and What It Means
Blockchain has been a buzzword for a while now. However, only techies are able to actually understand what it means and realize all the potential of this technology. For common folks, it is just another “scary” word they hear every now and then without the slightest idea of its meaning. But what does it actually mean?
Cryptocurrency vs Bank Cards: Who Will Win the Battle?
Jul 04, 2020 at 13:22
News
Cryptocurrency vs Bank Cards: Who Will Win the Battle?
In this changing financial and economic environment, people are being forced to switch to cashless payments. Although most prefer to use traditional banking cards, some people prefer alternative means such as cryptocurrency. In fact, the interest in the latter is steadily growing, making users speculate it might replace bank cards over time.
The King for Thieves: Criminals Tend to Choose Monero Over Bitcoin
Jul 02, 2020 at 13:28
News
The King for Thieves: Criminals Tend to Choose Monero Over Bitcoin
Cryptocurrency has been attracting illegal dealers since its very inception. Due to its anonymity and security, Bitcoin was widely used as a payment method on the darknet shadow markets. However, lately criminals started paying more attention to Monero as this cryptocurrency allows for an enhanced secrecy and disguise.
Pressure from Cryptocurrency Exchanges Weakens Darknet Dealers but Doesn’t Stop Them
Jun 28, 2020 at 13:02
News
Pressure from Cryptocurrency Exchanges Weakens Darknet Dealers but Doesn’t Stop Them
Cryptocurrency exchanges actively apply KYC regulations to pressure darknet entrepreneurs. Despite the reduction of cryptocurrency transactions on the darknet, criminals are still active in their shadow industry.
Crypto Newbie: What Is Bitcoin and How Exactly Does It Work?
Jun 21, 2020 at 11:43
News
Crypto Newbie: What Is Bitcoin and How Exactly Does It Work?
Today, it is very difficult to find at least a single person in this wild world that hasn't heard of Bitcoin. Nevertheless, there are not many people who actually realize what this coin is.
Crypto Gambling Trends and Insights 2020
Jun 18, 2020 at 14:33
News
Crypto Gambling Trends and Insights 2020
It’s been an unexpectedly good year for blockchain and cryptocurrencies. Economic uncertainty, driven by global slowdowns in the face of a pandemic, has seen renewed interest in currencies that don’t rely on traditional banking institutions. Bitcoin, while it may not return to the heights it reached in 2017, continues to fluctuate in an upward direction.
Blockchain Technology to Facilitate International Collaboration in Banking
Jun 12, 2020 at 08:14
News
Blockchain Technology to Facilitate International Collaboration in Banking
The use of distributed ledger technology (DLT) and blockchain began to be a pivotal thing in businesses and this pushed many institutions and businesses to start focusing on this ground-breaking tool.
Cryptocurrencies Handling COVID-19 Pandemic
Jun 05, 2020 at 12:42
News
Cryptocurrencies Handling COVID-19 Pandemic
The beginning of this year has been extremely difficult for the population of our planet. During the January of 2020 the planet was hit with the COVID-19 Pandemic which immobilized almost every industry in the world.
CoinMarketCap Introduces New Metrics to Prevent Fake Volume Data
May 31, 2020 at 13:41
News
CoinMarketCap Introduces New Metrics to Prevent Fake Volume Data
CoinMarketCap (CMC), a global cryptocurrency data provider platform, has introduced new indicators to screen out the amount of false transactions and inflated volumes in the digital currency market.
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