Cryptocurrency Transactions

Cryptocurrency transactions involve transferring digital assets directly between individuals using a secure, decentralized system called blockchain. When you send cryptocurrency, the transaction is recorded on this public ledger, verified by network participants called miners or validators. This process confirms the transfer without needing a traditional bank or intermediary, making it fast and transparent. Transactions include details like sender, receiver, and amount, secured through cryptography. Once confirmed, the transfer is permanent and can be accessed or tracked from anywhere with an internet connection. This system allows for peer-to-peer digital payments with increased privacy and potentially lower fees.