ERC-6551 enables NFTs to function as smart contract wallets that can own and transfer other tokens and also have trackable histories.
Transactions News
Transactions form the backbone of any economic system, facilitating the exchange of goods, services or assets between parties. In the digital age, cryptocurrency transactions, notably those involving Bitcoin (BTC), have revolutionized how we exchange value. In the crypto world, a Bitcoin transaction involves transferring ownership of a specific amount of Bitcoin from one digital wallet to another. These transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.
The sender generates a digital signature to verify ownership before initiating a Bitcoin transaction and broadcasting it to the network. The validity of the transaction is then confirmed by miners using intricate mathematical algorithms. The transaction is recorded permanently on the blockchain after it has been verified and added to a block.
A digital wallet, which can be hardware or software-based and contains cryptographic keys that let the owner access and manage their money, is required to spend Bitcoin. Funds can be safely transferred using the recipient’s Bitcoin address, allowing people to easily participate in the global digital economy.
The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.
2059Wallet APIs enable users to quickly locate ERC-20 tokens by wallet address. Chainbase, Alchemy and Moralis provide APIs to get token-related information.
1050Coinbase Wallet integrated Blockaid’s transaction simulation and validation five months ago to better protect users from bad actors.
14535Discover how to enhance cryptocurrency security by migrating digital assets from an exchange like Coinbase to a Ledger Nano X hardware wallet.
2330This gift card store bridges digital currencies with everyday shopping, enhancing practical use and mainstream acceptance.
15881You can move digital assets from various blockchains to Solana using decentralized bridges or centralized platforms. Under the hood, bridges work through a lock-and-mint mechanism.
3501New EVM-compatible blockchain seeks widespread adoption of blockchain-based products with its MEV-resistance feature.
15100As the backbone of many cryptocurrencies, including Bitcoin, block rewards help maintain the security and integrity of the blockchain network.
Crypto infrastructure startup Conduit says users can now launch their very own layer 3 with “only a few clicks.”
2082The price cap blocked accounts of traders attempting to sell above it, leading traders to other exchanges to trade freely without restrictions.
7953A blockchain validator verifies transactions in the proposed blocks and helps build new blocks. In return, they receive cryptocurrency.
The solutions floated by Buterin and the Ethereum Foundation revolve around increasing the cost of calldata and raising block gas limits.
4658Discover the ease and security of utilizing stablecoins in your daily transactions, revolutionizing the way you handle digital payments with stability and convenience.
5253Bitcoin Virtual Machine, SatoshiVM, Spiderchain and BitVM are among those that recently emerged with the aim of expanding the functionality of Bitcoin.
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