WIRE TRANSFER - KYC - BIP - IRREVERSIBLE -

in #blockchain6 years ago


WIRE TRANSFER
know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.Source + Source
KYC
commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. Source + Source
BIP
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source
IRREVERSIBLE
can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. Source + Source


WIRE TRANSFER
commonly used to send and retrieve fiat currency from bitcoin exchanges. electronically transferring money from one person to another. Source + Source
KYC
know your client/customer rules force financial institutions, in order ensuring that they are legitimate, to vet the people they are doing business with.Source + Source
BIP
can be submitted by anyone who wants to improve the bitcoin network. an acronym for “bitcoin improvement proposals”. Source + Source
IRREVERSIBLE
there is no safety net for that situation. after confirmation, a transaction is unable to be reversed by nobody. Source + Source

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