Cryptocurrency Q&A
What is DLC coin?
What is DLC coin?
SakuraPetal
Sun Nov 03 2024
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6
answers
1483
DLC coin is a virtual currency that has been in existence since 2013. It utilizes decentralized technology, similar to Bitcoin, aiming to provide anonymous and secure transactions. DLC coin is known for its fast transaction confirmations, low transaction fees, and a simplified mining process. This currency can be used for purchasing goods and services, as well as for investment and trading purposes. However, investors should be aware of its price volatility and legal regulations in different regions.
6 answers
Bianca
Tue Nov 05 2024
The primary function of DLCs is to facilitate betting between parties using the Bitcoin blockchain.
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henry_rose_scientist
Tue Nov 05 2024
A Discreet Log Contract (DLC) represents a unique method of conducting Bitcoin transactions.
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Carlo
Tue Nov 05 2024
This type of transaction leverages an oracle to implement a smart contract.
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Valentina
Mon Nov 04 2024
When creating a DLC, two participants are required to lock their funds in a multisig address.
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SamuraiCourage
Mon Nov 04 2024
This multisig address ensures that the funds are securely held until the terms of the contract are met.
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