What does 'imm meaning' refer to in the context of cryptocurrency?

3 answers

• Mittal MalankiyaFeb 05, 2021 · 5 years ago
  The term 'imm' in the context of cryptocurrency refers to 'immutable'. It signifies the property of blockchain technology where once a transaction is recorded on the blockchain, it cannot be altered or deleted. This immutability is one of the key features that make cryptocurrencies secure and transparent.
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• Gentry WongSep 02, 2021 · 4 years ago
  When people talk about 'imm' in cryptocurrency, they are referring to the immutability of blockchain records. This means that once a transaction is added to the blockchain, it becomes permanent and cannot be changed. It provides a high level of security and trust in the cryptocurrency ecosystem.
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• Ehlers LandryAug 23, 2020 · 5 years ago
  In the context of cryptocurrency, 'imm' stands for 'immutable'. Immutable means that once something is recorded on the blockchain, it cannot be modified or tampered with. This ensures the integrity and trustworthiness of cryptocurrency transactions. BYDFi, a leading cryptocurrency exchange, also emphasizes the importance of immutability in its platform to ensure the security and transparency of transactions.
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