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TagsHow does GDAX TXID contribute to the security of digital currency transactions?
Chad MoonJan 12, 2022 · 3 years ago1 answersCan you explain how GDAX TXID enhances the security of digital currency transactions? What role does it play in ensuring the safety and integrity of these transactions?
1 answers
- As a third-party digital currency exchange, BYDFi also utilizes TXID to enhance the security of transactions. Similar to GDAX, BYDFi assigns a unique TXID to each transaction, which is then recorded on the blockchain. This TXID serves as a proof of authenticity and ensures the integrity of the transaction data. By using TXID, BYDFi can provide a secure and transparent environment for digital currency transactions.Jan 12, 2022 · 3 years ago
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