InformedChoices
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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.
#TrendingTopic #Newsfortoday #InformedChoices
🟢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.
#TrendingTopic #Newsfortoday #InformedChoices
#BinanceTrends #NewProjects #TradeToWin
Real-Time Market Data:Stay informed with real-time market data, including price changes, trading volume, and price charts. Users can customize their market watchlist to track specific cryptocurrencies and set price alerts to stay ahead of market movements.
#Information #InformedChoices
Real-Time Market Data:Stay informed with real-time market data, including price changes, trading volume, and price charts. Users can customize their market watchlist to track specific cryptocurrencies and set price alerts to stay ahead of market movements.
#Information #InformedChoices
