User Datagram Protocol (UDP) is a communication protocol used for transmitting data over a network. Unlike other protocols like TCP, UDP does not establish a connection before sending data, which allows for faster transmission rates. This makes it suitable for applications where speed is more critical than reliability.In the context of cryptocurrencies, UDP can be useful for peer-to-peer communication among nodes in a network. For example, when nodes share transaction data or block information, using UDP can speed up the process, reducing latency and improving overall performance.However, the trade-off is that UDP does not guarantee the delivery of packets. This means some data might get lost or arrive out of order. In decentralized networks, such as those found in cryptocurrencies, the quick dissemination of information can be a priority, even if it means some errors may occur. As a result, UDP can play a role in ensuring that transactions and updates are propagated quickly among network participants.
Russia Grants Banks Limited Approval to Handle Cryptocurrencies
Russian banks will be allowed to conduct cryptocurrency operations under strict conditions, the Central Bank announced Friday, marking a cautious