Are digital currency transfers recorded?

Digital currency transfers are recorded. Based on blockchain technology, each transaction will be permanently and publicly recorded on the non-tamperable blockchain, including sender address, receiver address, amount, timestamp and block height, ensuring transaction transparency and non-repudiation. while protecting user anonymity.

# Are there records of digital currency transfers?

Answer: Yes, digital currency transfers have detailed and unchangeable records.

Digital currency is based on blockchain technology, and blockchain is essentially a distributed ledger. When a digital currency transfer transaction is performed, the transaction information is broadcast to all nodes on the blockchain network.

Each node verifies the validity of the transaction and then adds it to the blockchain. Once a block is added to the blockchain, it is permanent and cannot be tampered with.

Therefore, every digital currency transfer leaves a public and unchangeable record on the blockchain. The record contains the following information:

• Sender address
• Receiver address
• Transfer amount
• Time stamp
• area Block Height

This record allows everyone to view and track the flow of digital currencies, ensuring transaction transparency and non-repudiation. However, it is important to note that although blockchain transaction records are public, people who use digital currencies often remain anonymous because there is no direct link between their actual identity and their wallet address.

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