So i think this PDF is just a simple copy and paste thing from other Websites and not really your one work.
I accept your hate At the end it doesn't matter, I'm not selling it. It's just a simple PDF that I wrote, nothing more, nothing less. I don't expect anything from it, I don't plan to sell it, I'm not even crypto enthusiast or fan. I just wrote that while educating myself |
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I remembered that not so long ago I wrote a guide to cryptocurrency and blockchain. I was trying to keep it simple and plain, so even your grandma can understand it, hopefully. I kept it on my laptop and forgot about it. I just wanted to share with you, no strings attached, after all, I did spend days researching and writing it, at least it might help someone. So here it is, feel free to share, reuse, whatever (but at least leave some credits): PDF guide |
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I have a payment processor
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I was thinking about accepting Tether as a payment currency. But that would make it more complicated for me since in that case I would need to have wallets on all different blockchains. Also sender needs to know to which wallet to send the coins
I'm right about this? |
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Thank you all. It's much more clear now. I was thinking about accepting Tether as a payment currency. But that would make it more complicated for ke since in that case I would need to have wallets on all different blockchains. Also sender needs to know to which wallet to send the coins
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So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?
Yep, correct. Since both blockchains are isolated on its own network, inter-transaction of USDT are not possible. Another scenario is A send USDT on BEP20 chain to B, but B is expecting to receive it on the ERC20 chain. Due to the nature of the underlying technicalities, the transaction will be accepted but the transaction is only happened on the BEP20 chain, not on ERC20, thus B did not receive the token. Ufff wow, didn't expect it would be so complicated |
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So if person A has USDT on Ethereum and person B on Tron, basically those are 2 different tokens a d person A cannot send Tether to person B?
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First of all, note that tether is not ethereum. Tether (or USDT) is a token that has been issued on many blockchains. One of the blockchains in which you can make a USDT transaction is ethereum. All USDT transactions that are made on ethereum blockchain can be seen on any ethereum explorer. https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7On ,any blockchains? Like what? |
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I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?
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This is very very helpful. I did not know blockchain works like that. It's not like I have an address A with 1 BTC and I want to send 0.5BTC to address B, so after that address A will be left with 0.5BTC, what actually happens is that address A is left with 0BTC and 0.5BTC goes to fee
I would recommend having a read of this page: https://learnmeabitcoin.com/beginners/outputs. It very clearly breaks down the concepts I described above, that you can only spend an entire output (or multiple outputs), if you don't want to spend the full value to the other party then you need to specify to send some back to yourself as change, and whatever is left over that you haven't specified a destination for gets used as the fee. I would also suggest, though, that since you don't have a firm grasp yet on how outputs and transactions work, that you should use a client such as Electrum which will do all this for you in the background, rather than trying to build a transaction manually and ending up losing large amounts of coins. That's why I'm coding, it's easier to learn when I actually work on it and building it |
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Isn't fee the difference between the sum of inputs and sum of outputs? Correct. Whatever amount of bitcoin you don't specify an output for will be consumed as a fee. In the first transaction you linked, your input was 8000 sats and you only specified a single output of 2000 sats, so the remaining 6000 sats was used as a fee. If you did not want to spend all that on a fee, then you should have specified an additional output to a change address of say 5500 sats, leaving 500 sats unaccounted for which would have been taken as the fee. Remember that if you try to send 2000 sats, bitcoin cannot "skim" 2000 sats from an available input. It must spend the entire input, and so you must specify a destination for all the coins in that input you do not wish to be spent as a fee. This is very very helpful. I did not know blockchain works like that. It's not like I have an address A with 1 BTC and I want to send 0.5BTC to address B, so after that address A will be left with 0.5BTC, what actually happens is that address A is left with 0BTC and 0.5BTC goes to fee |
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Most likely: you (or your wallet) choose that fee. Just like in Bitcoin, there's no upper limit in the fee you can pay, and considering you're sending a small amount, the required fee can be higher if the network is congested.
I was thinking it could be because of the transaction weight before but by tracking the txid, you are very right, adamcro definitely customized the fee. Or maybe he is using a non-reputable testnet wallet, but I doubt that because the fee using testnet is very low. I wish I customized the fee. I guess Tatum.io customized, because I'm using their API
Isn't fee the difference between the sum of inputs and sum of outputs? |
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I created this transaction with different wallet and fee is different Which wallets are you using? See if they allow to customize the fee. One is Tatum.io wallet builder, the other is some app on Google Play for testnet |
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I've been reading how Coinbase shuts down sex worker's account. I was wondering how do they know account is from a sex worker? They probably don't use your real name in sex work so even if they pass KYC Coinbase can't know unless they do a research on them.
Payments are anonyoums. I don't understand
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I've been trying to find how to start with wallet development for BTC and other currencies but I could not find any resources.
Is there any API for it?
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This sounds like dropshipping business, or maybe I'm wrong. with every buy/sell transaction, you have to use a payment gateway but I doubt any of them have the option of transferring funds from one trade to two different receivers.
maybe you should consider a system like escrow service, where you will be an escrow and hold 10% of each transaction
Yeah it operates like dropshipping business, exactly |
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Also I think that I've also seen requirements like the account on the crypto exchange has to be on the same name as the bank account.
What is my main account can have subaccounts for my sellers |
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