When dealing with digital currencies, what are the three transaction types that can be assigned in a rule for money-in transactions?

1 answers

• Dec 28, 2021 · 3 years ago
  When it comes to digital currencies, there are three transaction types that can be assigned in a rule for money-in transactions. The first type is the standard transfer, where you send digital currency from one wallet to another. This is the most basic and common type of transaction. The second type is the contract-based transaction, where you use a smart contract to automate the transaction process. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They can be used to create more complex transactions and ensure that all parties involved fulfill their obligations. The third type is the token swap transaction, where you exchange one digital currency for another. This type of transaction is often used in decentralized exchanges, where users can trade different tokens directly without the need for a centralized authority. By understanding these three transaction types, you can navigate the world of digital currencies more effectively and make informed decisions.
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