The Bitcoin Network is the first successful implementation of blockchain technology. The term "blockchain technology" typically refers to the transparent, trustless, publicly accessible ledger that allows us to securely transfer the ownership of units of value using public key encryption and proof of work methods. The technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. In fact, the larger the network grows and becomes increasingly decentralized, the more secure it becomes.
All major cryptocurrencies that came after BTC, have been built upon public-key cryptography, a cryptographic system that uses pairs of keys: public keys, which are publicly known and essential for identification, and private keys, which are kept secret and are used for authentication and encryption. The private key is what grants a cryptocurrency user ownership of the funds on a given address. The Blockchain wallet automatically generates and stores private keys for you. When you send from a Blockchain wallet, the software signs the transaction with your private key (without actually disclosing it), which indicates to the entire network that you have the authority to transfer the funds on the address you’re sending from.
BSC Explorer provides a visually appealing and intuitive way to navigate BSC cryptocurrency's blockchain. To look up a WTT transaction, users can visit https://bscscan.com and use the search bar to find WINTAP token transactions and learn more about a particular WTT address, transaction hash, or block number by entering it in the search field.
You can find WTT contract address on: https://bscscan.com/token/0x3554744d1a93f7aa01d3625977ac3eac3516618d
In order to be considered a successful and valid transfer, every cryptocurrency transaction must be added to the blockchain, the official public ledger of all completed transactions.
This vital work requires computational energy provided by miners, powerful computers that make up a portion of the network and confirm its transactions. The ongoing computing by miners to validate and confirm transactions on the Bitcoin network gives the network many of its special, decentralized properties. Simply put, it would not nor could not exist without them.
A gas unit is the smallest type of work that is processed on the BSC network on the BNB (BEP20).
Validating and confirming transactions on the BSC blockchain requires a certain amount of gas, depending on the size and type of each transaction.
Gas measures the amount of work miners need to do in order to include transactions in a block.
A BSC token is a blockchain-based asset with similar functionality to bitcoin, ether, and bitcoin cash: it can hold value and be sent and received.
The major difference between BSC tokens and other cryptocurrencies is that BSC tokens are created and hosted on the Binance Smart Chain blockchain.
BSC tokens are stored and sent using BEP20 addresses and transactions, and use gas BNB (BEP20) to cover transaction fees.
Transactions will appear almost instantly in your transaction feed, which you can find in your BSC dashboard. Your WTT transaction will be considered complete once it has 12 confirmations. This typically takes about 2 minutes, but times can vary. Until then your transaction will show up as pending.