Questions tagged [how does it work]

Elena Thu Oct 10 2024 | 6 answers 1501

I'm wondering how my cryptocurrency actually functions. I want to understand the mechanics behind it, like how transactions are processed and what makes it secure.

Stefano Wed Oct 09 2024 | 5 answers 893

Binance USD (BUSD) is a stablecoin issued by Binance, pegged to the US Dollar at a 1:1 ratio. It works through a reserve mechanism, backing each BUSD with a corresponding USD held in reserve. BUSD provides users with a cryptocurrency that maintains a stable value, facilitating transactions and reducing volatility risks.

CryptoQueenBee Wed Oct 09 2024 | 5 answers 1336

I want to know about WazirX. What is it exactly and how does it operate? I'm curious about its functionality and the purpose it serves.

GwanghwamunGuardian Tue Oct 08 2024 | 5 answers 1064

I'm curious, how exactly does blockchain technology facilitate payments? Is it a direct peer-to-peer transfer, or does it involve intermediaries? How does the security and decentralization of blockchain ensure the integrity and reliability of transactions? And what about transaction fees - are they comparable to traditional payment methods, or are there unique factors at play? I'm eager to understand the intricacies of how blockchain enables financial transactions in today's digital age.

Valeria Sun Oct 06 2024 | 7 answers 1439

Could you please explain what a Bitcoin trader (BTM) is and how it operates? I'm curious to understand the role it plays in the cryptocurrency market and how it facilitates transactions. Additionally, I'd like to know if there are any specific requirements or qualifications needed to become a Bitcoin trader.