Crypto & Blockchain 101

Estimated reading: 1 minute 48 views
How Cryptocurrency Works

Cryptocurrency is a digital asset secured by cryptography and operates on decentralized blockchain networks. Transactions occur peer-to-peer, eliminating intermediaries like banks and reducing fees.

Stablecoins: The Future of Digital Payments

Stablecoins are designed to maintain a stable value by being pegged to fiat currencies or assets. They provide the benefits of cryptocurrency without volatility, making them ideal for payments and remittances.

Smart Contracts & Automation in Payments

Smart contracts are self-executing programs on the blockchain that automate transactions based on predefined conditions. They eliminate the need for manual processing, reducing costs and enhancing security.

Custodial vs. Non-Custodial Wallets

Crypto wallets store digital assets, but control over funds differs. Custodial wallets are managed by third parties, while non-custodial wallets give users full ownership and security over their assets.

Gas Fees & How They Impact Transactions

Gas fees are the costs required to process transactions on a blockchain. These fees fluctuate based on network demand and complexity, but solutions like Solana and Paywaz’s zero-fee model are changing the landscape.

Leave a Reply

Your email address will not be published. Required fields are marked *

Share this Doc

Crypto & Blockchain 101

Or copy link

CONTENTS
wpChatIcon
wpChatIcon

Paywaz Wins "Best Financial Services" in United States! Stellar Business Awards

X
Scroll to Top