Blockchain-based currencies are digital assets that exists by virtue of ownership records _
Blockchain-based currencies as well as familiar token variations such as the ERC20, ERC721 or ERC1155 for NFTs or smart-contracts with the associated transfers and movements are recorded through use of distributed and typically immutable ledgers or similar Web3, confidential to multi-varied types of both decentralized as well as centralized forms of networks.
Transfers and movements of blockchain-based currencies cannot be easily modified, withdrawn, cancelled nor amended. All such blockchain-based currency transactions are conducted under processor’s sole responsibility, whether initiated through use of a private digital wallet or any form of blockchain-based currency storage method, medium or technology.
NEST® does not control nor advise members as to preferable miner-fees [transaction costs for blockchain-based currency transfers], the desirability or stability of any blockchain-based currency nor blockchain-based currency movements. Due to individual encryption and true user-anonymity, as in ZTA and ZKP protocols, which pertain or affect blockchain-based currency exchanges or transactions or wallets, including also alternate storage methods, at all times NEST® may have no insight nor control of any such true balances and/or use, even whether such is attempted to be classified as within or associated to NEST® services.
