What is dust?
đ˘Dust in cryptocurrencies is an amount of crypto so small that it wonât even be enough to pay the transaction fee.
đ˘Imagine that you have 1 cent left in your wallet. You wonât be able to buy anything with it, but if you decide to exchange it at a bank for another currency or send it to a friend, the exchange fee will exceed the cost of the cent itself.
đ˘This example describes the crypto industryâs concept of âdustâ well.
đ˘Sometimes, a dusting distribution is used by scammers to commit a so-called âdust attack,â which weâll cover soon.