What is the best file type for storing cryptocurrency transaction records?

3 answers

• Dec 16, 2021 · 3 years ago
  One of the best file types for storing cryptocurrency transaction records is the CSV (Comma-Separated Values) file format. CSV files are simple, lightweight, and widely supported by various software applications. They can be easily generated and read using spreadsheet software like Microsoft Excel or Google Sheets. Additionally, CSV files can be easily imported into databases for further analysis and processing. Overall, CSV files provide a convenient and efficient way to store cryptocurrency transaction records.
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• Dec 16, 2021 · 3 years ago
  When it comes to storing cryptocurrency transaction records, the JSON (JavaScript Object Notation) file format is a popular choice. JSON files are human-readable and can store complex data structures. They are widely used in web development and can be easily parsed by programming languages like JavaScript. JSON files offer flexibility and compatibility, making them a suitable option for storing cryptocurrency transaction records.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, recommends using the blockchain itself as the best file type for storing cryptocurrency transaction records. The blockchain is a decentralized and immutable ledger that securely records all transactions. By storing transaction records directly on the blockchain, you ensure transparency, security, and tamper-proof records. This approach eliminates the need for traditional file types and provides the highest level of trust and reliability.
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