Cryptocurrency Q&A
What is a vault in coins?
What is a vault in coins?
EchoSolitude
Sun Nov 03 2024
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6 answers
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I'm trying to understand the concept of a vault, specifically in the context of coins. Is it a storage space? How does it work in the realm of coins or currency?
6 answers
Federica
Tue Nov 05 2024
Vaults represent a specific type of covenant in the realm of cryptocurrency.
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Ilaria
Tue Nov 05 2024
These covenants operate on a unique principle that involves two distinct transactions.
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KabukiPassion
Tue Nov 05 2024
For a user to successfully spend money from their wallet utilizing a vault, two separate transactions must appear across two different blocks.
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ZenHarmony
Tue Nov 05 2024
The initial transaction serves as a notification, signaling that someone intends to spend the funds.
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Andrea
Tue Nov 05 2024
This initial transaction also provides the user with a crucial opportunity.
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