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While communicating with an internet wallet, hosted by Localbitcoins.com (address 12phfr5yv2kgqck5n8teb5mgortzlr2), it is not surprising that transaction activity appears on Blockchain. This is due to the fact that your Bitcoin address is used to facilitate transactions with other users, as well as any other public digital currency user.
What happens when you make a transaction
When transferred to Bitcoin’s Bitcoin address of another user (like Localbitcoins.com), your transaction is broadcast on the Ethereum network. The transaction data then check the knots online and add to Blockchain, which is basically a permanent and immutable registration of all the transactions that have ever occurred.
Blockchain.info: The Blockchain data analysis tool
To understand where your transaction activity on blockchain appears, you can use tools like [blockchain.info] ( This website provides detailed information about Bitcoin transactions, including:
- Transaction data (eg delivery and recipient address, amount)
- Time -tag trance
- Block heights (indicating the position of each block in Blockchain)
Analyzing this information, you can see that your transaction activity appears on Blockchain for your Localbbitcoins.com address.
Why my Bitcoin address appears on Blockchain?
Your Bitcoin address is used to facilitate transactions because the unique identifier is awarded a wallet. When creating an account with Localbitcoins.com or any other e-Wallet service, your Bitcoin address is connected to your wallet and becomes available for transactions.
In this case, when performing the transfer to Localbitcoins.com, your address is included in the transaction process, which means that the transaction data will be added to Blockchain. This enables users like Localbitcoins.com to check and update their own blockchain records, offering a transparent and safe way to manage transactions.
Conclusion
In short, when performing a transfer to Bitcoin’s Bitcoin address by your E-Zida service (such as Localbitcoins.com), your transaction activity appears on Ethereum Blockchain. This is due to the fact that your Bitcoin address is connected to your wallet and is included in the transaction process, allowing users like LocationCoins.com to check and update their own blockchain records.
Understanding how transactions work on the Ethereum network, you can better manage your wallets online and you can be informed about the state of your Kriptovalut property.
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