Learn about blockchain, cryptocurrencies, DeFi and wallets. Guarda team prepares articles on the most relevant data for crypto newcomers as well as advanced users.
As you might already know, transactions in cryptocurrency come with fees presented by the network. It happens that the services take their transactional fees for sending and receiving cryptocurrency but in the case of a non-custodial wallet like Guarda this does not happen. So, the question is – how are the fees calculated and what are we all paying for when sending cryptocurrency transactions?
A smart contract is a digital protocol that ensures that a contract is automatically executed when the agreed conditions are met. Smart contracts allow you to process transactions without requiring a third party to verify or enforce the agreement. Agreements are traceable and irreversible.
Blockchain is a technology that allows you to transfer digital data with a very complex coding system and in a safe way. At the most basic level, the blockchain is a chain of digital information blocks in which information (“block”) is stored in a public database (“chain”).
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