The transparency of crypto transactions brings a completely new level of empowerment to individual users. If you want to send money internationally using existing payment methods – such as Western Union, Monegram or your domestic bank – not only will it will be costly and likely take days, you’ll have very limited visibility on the process.<\/p>\n\n\n\n
When you send cryptocurrencies such as BTC or ETH you can see exactly when the transaction has been confirmed, what fees have been spent to do it and a copy of the transaction output to confirm where the crypto you have sent has gone. <\/p>\n\n\n\n
All of this happens within minutes, not days, without the need to rely upon a central entity. It can be accessed universally from anywhere in the world with an internet connection.<\/p>\n\n\n\n
Let’s zoom in and look at the detail of cryptocurrency transactions. We’ll first explain how to access the information within a transaction and contrast this to more traditional banking transactions. <\/p>\n\n\n\n
We can then analyse the anatomy of a specific real-life bitcoin transaction added to the blockchain illustrating the value it provides to the sender and recipient as well as those organisations seeking an overall view of blockchain usage <\/p>\n","protected":false},"excerpt":{"rendered":"
The transparency of crypto transactions brings a completely new level of empowerment to individual users. If you want to send money internationally using existing payment methods – such as Western Union, Monegram or your domestic bank – not only will it will be costly and likely take days, you’ll have very limited visibility on the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8796"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=8796"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/8796\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=8796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=8796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=8796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}