What is dust?
🟢Dust in cryptocurrencies is an amount of crypto so small that it won’t even be enough to pay the transaction fee.
🟢Imagine that you have 1 cent left in your wallet. You won’t be able to buy anything with it, but if you decide to exchange it at a bank for another currency or send it to a friend, the exchange fee will exceed the cost of the cent itself.
🟢This example describes the crypto industry’s concept of “dust” well.
🟢Sometimes, a dusting distribution is used by scammers to commit a so-called “dust attack,” which we’ll cover soon.
