New Verification Rules Introduces in Localbitcoins

A peer-to-peer cryptocurrency exchange Localbitcoins have confirmed that they’re now in the middle of preparing for a new user verification rules. Localbitcoins then explained, “The most important changes concerning Localbitcoins’ users will be related to improving the registration of new accounts and the identity verification processes, introducing wallet withdrawal and trade volume-based verification tiers.”

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New Verification Rules Introduces in Localbitcoins

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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