
How do coinbase transactions work?
As a newcomer to the world of cryptocurrency, I'm curious to understand the intricacies of how Coinbase transactions work. Could you please explain, in a simplified manner, the steps involved in a Coinbase transaction? I'm particularly interested in knowing how the buyer and seller connect, how the funds are securely transferred, and if there are any additional fees or considerations to take into account. Additionally, I'd like to know if Coinbase transactions are irreversible and how they ensure the safety and privacy of user data.
