Buy Verified BTCdirect.eu Account
Buy verified BTCdirect.eu Account with documents
What is BTCdirect.eu Account?
Would you like to buy or sell cryptocurrencies in a fast, easy and safe manner? Then you’ve come to the right place! We’re making bitcoin, altcoins, and other blockchain assets accessible for everyone, and have been doing so since 2013. Our team exist of a highly motivated group of profesionals with just one mission: to increase the acceptance of bitcoin in Europe (and to improve our Mario Kart highscores).
Buy Verified BTCdirect.eu Account – Full Details
- Verified BTCdirect.eu Account
- Will provide all login information
- Information regarding the backup
- Customer support
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Why do I pay a transaction fee?
You pay the fee for transactions with bitcoin. That fee is given in the form of bitcoin. You pay these transaction costs to the bitcoin network. This is therefore separate from the commission you would pay when purchasing bitcoin on our platform for instance.
You do not pay the bitcoin fee for nothing. It maintains the decentralised bitcoin network. You can read exactly how this works:
A bitcoin fee is primarily intended as an incentive for miners. Miners have a job to ‘fish’ for transactions held in memory pools on the network. Each transaction that is ‘fished’ has a fee attached that is given to the miner for their hard work. Since mining is a costly task, they need to be compensated somehow.
The power consumption of these mining rigs is monumental. Miners are therefore faced with high electricity costs. To accommodate the miners for this, you give them a share of your transaction in form of a fee.
What are cryptocurrencies?
In our current society we execute more and more digital payments. If you buy some fresh fruit on the market, it’s very likely you pay for it digitally, for example with a payment card.
But our current fiat system wasn’t really designed to process digital payments. When you pay someone in a banknote of ten euros, there is no problem. The receiver is certain he just received a value of ten euros.But when you pay digitally, that’s different.
When you pay digitally, all that is changed are two numbers on a screen. This is easy to copy, which means you could easily create two tenners yourself. To prevent you from receiving any falsely copied tenners, banks exist to monitor all digital payments. Having this function, the power of banks grows excessively.
Bitcoin is the first medium of exchange that is specifically designed to facilitate digital payments. The most important distinction is that bitcoin doesn’t need an authority like a bank to supervise transactions. Bitcoin is a decentralized and open system, everyone is able to contribute to the developments of the currency.
To make sure bitcoin is able to function decentralized, the bitcoin system is managed by thousands of parties. All of them have a copy of the entire bitcoin transaction history.
When you send bitcoins, all these parties check the transaction history to verify if your balance is sufficient to send out the amount of coins in question. This way it’s prevented that a bitcoin is being copied and spent twice.
How does crypto work?
It is very important that the transaction history of bitcoin is honest and transparent. That’s why the transaction history is saved on a so-called blockchain. This is a chronological chain of blocks that contain (transaction) data.
When a new block is added to the chain, the data in the block gets encrypted cryptographically. That’s where the name cryptocurrency is derived from. After the data has been encrypted, it is still accessible to everyone, but it can’t be altered anymore.
When something is recorded on the blockchain, this information is there to stay forever. That way you are certain your transaction is irreversible.
So a blockchain is transparent, impossible to be forged, and- because the blockchain is decentralized- unhackable. If you would want to hack a blockchain, you need to hack thousands of computers simultaneously, which is pretty much impossible.
Because of these characteristics there is a growing number of companies and governments that see blockchain as a valuable innovation. The Dutch government is the worldwide leader when it comes to blockchain experiments. Currently there are 32 blockchain pilots run by the Dutch government.
There are many different blockchains, and a lot of them have created their own coin. For example the Ethereum blockchain on which the coin ether runs.
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