Understanding Effective Ledger Usage in Crypto
One of the primary functions of a ledger is to record transactions. Every trade, purchase, or sale needs to be logged accurately to maintain a clear and comprehensive financial history
One of the primary functions of a ledger is to record transactions. Every trade, purchase, or sale needs to be logged accurately to maintain a clear and comprehensive financial history
Gas represents the cost associated with performing actions on a blockchain network. It is designed to prevent spam and abuse by requiring users to pay for the resources they consume
Dust transactions refer to transactions involving tiny amounts of a cryptocurrency that are often left in the user’s wallet after completing larger transactions
Confirmation can be defined as the process by which a transaction is verified and added to the blockchain
A block explorer is a web-based interface that allows users to explore and navigate through a blockchain network
A block can be thought of as a digital container that holds a collection of cryptocurrency transactions. It serves as a fundamental unit of data within a blockchain, a decentralized and transparent ledger that records all the transactions ever made in a particular cryptocurrency
Addy, short for Address, refers to a unique identifier or code that is used to send and receive cryptocurrencies
In the world of cryptocurrency trading, a consensus algorithm plays a crucial role in maintaining the integrity and security of transactions
At its core, the value date represents the point in time when ownership of a financial instrument or asset is transferred from the seller to the buyer
Transaction costs, in simple terms, refer to the expenses associated with buying or selling a financial instrument