What is a Transaction - Coinbase Crypto University

Cryptocurrency has revolutionized the way we think about money and transactions. But how exactly do cryptocurrency transactions work? In this video, we'll explore the basics of digital transactions and how they apply to the world of cryptocurrency. We'll start by explaining the concept of a transaction - what it is, how it works. We'll then delve into the specifics of transactions using paper money, digital money, and cryptocurrency. We'll discuss how instead of utilizing a traditional banking network, cryptocurrency leverages the power of blockchain technology for transaction validation through decentralized peer-to-peer networks. Whether you’re a crypto novice or a seasoned user, this video aims to deepen your understanding of how cryptocurrency transactions work. At Coinbase, our mission is to create an open financial system for the world. ✅ Subscribe to our channel here: https://www.youtube.com/channel/UCofTOFX4QuhT8OY-3-fFRFw/?sub_confirmation=1 ► To own a piece of the future visit Coinbase: https://coinbase.com ► Learn more about cryptocurrency here: https://www.coinbase.com/learn ► Follow us on Twitter: https://twitter.com/coinbase ► Like us on Facebook: https://www.facebook.com/coinbase/ ► Find us on Instagram: https://www.instagram.com/coinbase/ #coinbase #Cryptocurrency #Blockchain #CoinbaseExchange #CoinbaseApp #OpenFinancialSystem #CryptoForAll __ This content is being provided to you for informational purposes only. Nothing discussed in this video is intended to be investment advice. This content, and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.