What is the meaning of nrgd in the context of cryptocurrency?

3 answers

• Thinking Spaghetti29Feb 24, 2022 · 4 years ago
  NRGD stands for Non-Reversible Good Delivery. In the context of cryptocurrency, it refers to a type of transaction where the transfer of funds cannot be reversed or canceled once it has been completed. This provides a level of security and finality to the transaction, as it ensures that once the funds are sent, they cannot be retrieved by the sender. NRGD transactions are commonly used in cryptocurrency exchanges and peer-to-peer transactions to prevent fraud and ensure the integrity of the transaction.
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• AKHFA SHIDQIE MUTTAQIENAug 19, 2020 · 5 years ago
  NRGD is an abbreviation for Non-Reversible Good Delivery. It is a term used in the cryptocurrency industry to describe a type of transaction that cannot be reversed or canceled once it has been confirmed. This means that once the funds are sent, they are considered final and cannot be retrieved by the sender. NRGD transactions are often used in situations where trust and security are paramount, such as in large cryptocurrency transfers or high-value transactions. By ensuring that transactions are non-reversible, NRGD provides a level of certainty and protection to both parties involved in the transaction.
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• Ashish GuptaDec 01, 2024 · 9 months ago
  NRGD, which stands for Non-Reversible Good Delivery, is a term commonly used in the context of cryptocurrency. It refers to a type of transaction that cannot be reversed or canceled once it has been completed. This means that once the funds are sent, they are considered final and cannot be retrieved by the sender. NRGD transactions are widely used in the cryptocurrency industry to ensure the security and integrity of transactions. By making transactions non-reversible, NRGD provides a level of trust and confidence to both buyers and sellers in the cryptocurrency market.
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