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How to Make Bitcoin Transactions?

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Bitcoin today is still one of the hottest cryptocurrencies on the market and is definitely one of the most talked-about virtual currencies. Also, Bitcoin’s market capitalization has surpassed $650. 07 billion.

Needless to say, the crypto market is booming, and Bitcoin is the central aspect of this growth. If you’re new to BTC transactions and wondering how to get started because all this is too confusing for you, in this article, we explain in more detail what BTC transactions are.

Bitcoin – Virtual Currency

Bitcoin is a decentralized digital currency that was developed as a means to transfer money over the Internet without an intermediary. It operates differently from traditional currencies because it is based on the blockchain network.

Moreover, this is a decentralized, peer-to-peer database where the BTC transactions are added to a so-called blocks of transactions, which are linked via cryptography in the network.

After a BTC transaction is recorded in the system, it’s not possible for the details of the transaction to be changed by any user. This makes every BTC transaction irreversible in the network.

Plus, there is complete transparency regarding the information about the transactions in the network in order to ensure there is total security in the network. Otherwise, the identity of the users is confidential.

Elements of BTC Transactions

The main elements of every BTC transaction are a transaction output, input, and designated amount. The input is the BTC address which is the address of the Bitcoin wallet from which the transaction was initiated. The second part is the output, specifically the other Bitcoin address of the receiver.

It should be noted that for each BTC transaction is necessary for both parties to have their own Bitcoin wallets. A bitcoin wallet is a software where the Bitcoin tokens are stored, and each Bitcoin wallet has its own set of private and public keys, which are required for any BTC transaction.

For example, if you want to trade on an online trading site, it’s important for you to invest in a good BTC wallet. There are great automated trading sites like BitcoinProfit.org where you can invest in BTC, and you can also exchange your BTC for other cryptocurrencies. If you want to create an account, you only need $250.

The Bitcoin address is actually a hashed version of your public key. Moreover, the private key is seen as a unique string of characters that are paired with your public key, and the private key is necessary for you to sign your BTC transaction.

The Blockchain Network

When you want to make a BTC transaction and send BTC to another user, your Bitcoin wallet will create a transaction output which is basically the address of the user you want to send BTC to. After you have initiated the transaction on the blockchain network, the transaction will be recorded on the system, and the information regarding your Bitcoin address will be registered as a transaction input while the transaction output will be the person’s Bitcoin address.

The transaction is processed by the miners on the network. When you want to make a transaction, you also need to take into account the transaction fees that you will need to pay in order for your BTC transaction to be completed on the network.

Amount of BTC
When it comes to the amount of BTC that you can send, you can actually send satoshis via the network. But obviously, you cannot send one satoshi, as it is only 100 millionth of one Bitcoin. The minimal number of BTC tokens that you can send over the network is actually 546 Satoshis. The name of the smallest unit of a Bitcoin comes from the name of Bitcoin’s creator Satoshi Nakamoto.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Meridianbet Launches ‘Scan. Help.’ Humanitarian Initiative to Support Maternity Hospitals in Southeast Europe

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Meridianbet, a member of the Golden Matrix Group (NASDAQ: GMGI), in partnership with Meridianbet Foundation, Expanse Studios, and BC Crvena zvezda Meridianbet announces the launch of a significant humanitarian initiative, ‘Scan. Help.’, aimed at supporting maternity hospitals across Southeast Europe.

The rollout of this action to other market territories is expected in the remainder of 2024.

How It Works

For every scanned QR code and subsequent registration on the Meridian Foundation’s website, funds will be allocated towards equipping five maternity hospitals in Serbia. This innovative approach not only raises awareness but also actively involves the community in our CSR activities.

The initiative is currently ongoing with high media presence and is broadcasted during Southeast Europe’s regional basketball Finals series (ABA League). BC Red Star players wear jerseys featuring the QR code, with additional promotion through basketball arena ads, TV ads, and more, encouraging fans and supporters to participate.

A Unified Effort for Community Impact

The ‘Scan. Help.’ campaign is a collaborative effort involving Meridianbet, Meridianbet foundation, Expanse Studios, and basketball club Crvena zvezda Meridianbet, Southeast Europe’s leading basketball club, of which Meridianbet is the name sponsor. The initiative is designed to leverage our collective resources and influence to make a meaningful impact on local communities.

Multi-Stakeholder Support and Growing Participation

The ‘Scan. Help.’ campaign has received institutional support ad backing from the Ministry of Health, reinforcing the importance and legitimacy of this cause. Additionally, several companies have already expressed their desire to contribute, with provisions made for donations through the Meridian Foundation’s account. This broadening support network amplifies the initiative’s reach and potential impact.

This campaign exemplifies Meridianbet’s dedication to sustainable development and community well-being. In 2023 alone, the company has launched 225 CSR campaigns, reflecting the commitment to making a lasting impact.

The post Meridianbet Launches ‘Scan. Help.’ Humanitarian Initiative to Support Maternity Hospitals in Southeast Europe appeared first on European Gaming Industry News.

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SiGMA Asia Awards 2024: Boomerang Partners Nominated for ‘Rising Star Affiliate Program’

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The fast-growing Boomerang Partners affiliate program continues gaining global recognition, earning a nomination for the prestigious ‘Rising Star Affiliate Program 2024’ category in the Asia region

With a rapidly growing network of over 5,200 affiliates across 70+ countries, the dynamic Boomerang Partners affiliate program has been recognized as a finalist for the ‘Rising Star’ category at the SiGMA Awards Asia 2024. While Asia is not currently the central focus for brand promotion, this prestigious recognition from SiGMA is a notable honor that inspires Boomerang to fortify its global footprint and industry-leading position.

In 2023 alone, Boomerang’s achievements included paying over €50 million to affiliates, creating 22 exclusive branded games, hosting 82 tournaments across 30 regions, and expanding into 31 new markets. This followed prestigious wins like ‘Casino of the Year’ at the SiGMA Balkans/CIS Awards, ‘Commission Offer of the Year’ at the AffPapa iGaming Awards, and ‘Best PPC Affiliate’ at the SiGMA Europe Awards.

This year, Boomerang Partners is highlighting innovations like a worldwide traffic tournament and has already been nominated at the AffPapa, MAC, and AskGamblers Awards – eagerly awaiting the results across these prestigious voting processes and final selections.

“We actively collaborate with SiGMA, having participated in their events and been honored with SiGMA awards in other regions previously,” said Vitalii Prokofev, CEO at Boomerang Partners. “SiGMA sets the standard with premier industry events and accolades worldwide. This nomination at their Asia awards is valuable recognition that fuels our ambition to raise our global profile further.”

Boomerang Partners invites all affiliate managers and industry enthusiasts to learn more about their award-winning program. Voting for the SiGMA Asia Awards runs until May 20th. Winners will be announced at the June 3rd ceremony during the June 2-5 event in Manila.

Support Boomerang in the ‘Rising Star’ category while voting for other favorites at SiGMA.

 

The post SiGMA Asia Awards 2024: Boomerang Partners Nominated for ‘Rising Star Affiliate Program’ appeared first on European Gaming Industry News.

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PopOk Gaming Unveils Exciting New Instant Game: “Dice”

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PopOK Gaming, a leading innovator in the gaming industry, is thrilled to announce the launch of its latest Instant game sensation: “Dice”.

“Dice” is a dynamic game that puts players’ instincts and strategies to the test. Participants can jump in at any moment and predict whether the resulting number will be higher or lower than their selected number. With every roll, the excitement mounts as players watch the green fields light up, indicating their path to victory.

It’s not just about luck – it’s about strategy too. Players have the opportunity to adjust their multiplier, choose their odds, and press start for a thrilling gaming experience.

Here’s how it goes down:

📈 Move the dice higher or lower on the screen.
🚀 Choose over or under.
⏳ Place your bet and hold on tight.
🎲 Launch the dice!
🏆 Win big, with potential rewards of up to x9600!

With its user-friendly interface and exciting gameplay, “Dice” promises to captivate players of all skill levels. Whether you’re a seasoned gamer or new to the world of Instant games, “Dice” offers endless opportunities for fun and excitement.

Join the action today and roll the dice for your chance to win big! Visit PopOK Gaming to start playing now.

 

The post PopOk Gaming Unveils Exciting New Instant Game: “Dice” appeared first on European Gaming Industry News.

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