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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A Hacker Fails to Perform a Bridge Hack, Losing 5 ETH
Aug 23, 2022 at 12:12
News
A Hacker Fails to Perform a Bridge Hack, Losing 5 ETH
On August 22, 2022, an unknown hacker tried to break the NEAR/ETH Rainbow Bridge. However, the hack was blocked, protecting users' money. It also cost the criminal around 5 ETH (~$8,000).
Around $2 Billion was Stolen in Cross-Chain Bridge Hacks in 2022; Half of the Funds Went to North Koreans
Aug 09, 2022 at 11:39
News
Around $2 Billion was Stolen in Cross-Chain Bridge Hacks in 2022; Half of the Funds Went to North Koreans
Cross-chain bridge transactions are considered to be the weakest point of blockchain. This flow cost users about $2 billion in the first half of 2022.
Quadrans Lists on June 20th on P2PB2B
Jun 24, 2022 at 11:39
News
Quadrans Lists on June 20th on P2PB2B
Quadrans: What is it?
UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
Jun 22, 2022 at 11:40
News
UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to monitor transactions above a certain minimum amount to ensure compliance with financial regulations.
Washington DC Based Crypto Think Tank Sues US Treasury and IRS over 'Illegal' Cryptocurrency Spying
Jun 14, 2022 at 14:20
News
Washington DC Based Crypto Think Tank Sues US Treasury and IRS over 'Illegal' Cryptocurrency Spying
A cryptocurrency community has sued both the US Treasury Department and IRS over allegations of financial espionage against its members. The crypto community claims that Section 6050I's reporting requirements violate its rights. According to the group, Section 6050I violates both the First Amendment and the Fifth Amendment to US laws.
How Gaming and Online Casino Promote the Use and Popularity  of Cryptocurrency
May 19, 2022 at 12:20
News
How Gaming and Online Casino Promote the Use and Popularity of Cryptocurrency
The world of online gambling is growing faster every time. Statistics show that there are an estimated 1 billion online gamers around the world, with the largest numbers found in China, South Korea, and Japan. According to projections, the number of players will reach 1.3 billion in 2025.
Why There is no Profit for Small Bitcoin Miners in 2022
May 16, 2022 at 13:01
News
Why There is no Profit for Small Bitcoin Miners in 2022
Due to the exponential rise of the bitcoin difficulty factor, frustrated bitcoin miners are storming the Ethereum network. According to the Cryptocurrency Mining Index, a large number of miners are shifting their hashing power to the Ethereum blockchain. According to blockchain.com, the current bitcoin difficulty factor is 29.8 trillion.
Shibnobi Lists on P2PB2B
Apr 23, 2022 at 11:11
News
Shibnobi Lists on P2PB2B
Shibnobi: What is it?
4 Countries that Prohibited Cryptocurrency Payments
Apr 01, 2022 at 10:10
News
4 Countries that Prohibited Cryptocurrency Payments
Regardless of the transformation cryptocurrency has introduced in the payment and  transaction industry, digital assets are still facing resistance in some countries. A good number of governments have shown concerns of cryptocurrency threatening their traditional fiat currency,  finance and economy.
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