A mempool (short for “memory pool”) is a crucial component of a blockchain network, where unconfirmed transactions are stored after they are broadcasted by users. It is a temporary storage area in a node where unconfirmed transactions are kept before they are added to a … Read further
Replace-by-fee (RBF) (or Bump Fee) is a feature of some Bitcoin wallets that allows a user to replace a low-fee transaction with a new one with a higher fee. This is done by creating a new transaction with a higher fee and the same inputs … Read further
HODL is a slang term in the bitcoin community that originated from a misspelling of the word “hold.” It has since become a popular term that stands for “Hold On for Dear Life” and refers to the practice of holding onto bitcoin for a long … Read further
PayJoin (also known as “P2EP” or “Pay-to-EndPoint”) is a privacy-enhancing technique for bitcoin transactions. It is a type of CoinJoin transaction, which allows multiple users to combine their bitcoin inputs and outputs into a single transaction, thereby increasing privacy and fungibility. However, PayJoin goes one … Read further
Bitcoin is a decentralized digital currency that has taken the world by storm. Unlike traditional currency, bitcoin is not tied to a specific country or government, and it operates on a peer-to-peer network. To use bitcoin, you need a bitcoin wallet. A bitcoin wallet is … Read further
A Bitcoin wallet is a digital wallet that is used to store, send, and receive bitcoin. It stores your public and private key. The private key is used to authorize transactions. If unauthorized individuals obtain your private key, they can steal your entire bitcoin balance. … Read further
Multisig (short for multi-signature) is a digital signature scheme in which multiple parties sign the same transaction or message. In other words, instead of just one private key, multiple private keys are required to authorize a transaction. Multisig operates similarly to joint bank accounts that … Read further
The Blocksize War refers to a contentious debate in the Bitcoin community in 2017 over the appropriate block size limit for the Bitcoin blockchain. The block size limit determines the maximum amount of data that can be included in each block of transactions on the … Read further
Buying Bitcoin with a bank account is a popular and convenient option for many people. It is a secure way to purchase Bitcoin, and there are many different exchanges, including those supporting SEPA transfers, that facilitate this process. If your bank account is in Europe … Read further
The world’s first Bitcoin Film Festival will be held in Warsaw, Poland, from March 24th to March 26th, 2023, to commemorate the intersection of bitcoin and film. The festival will include hand-picked movie collection, speeches, Q&A sessions with filmmakers, and workshops. The venue for the … Read further
LNURL is a standard protocol for Lightning Network-based bitcoin payments that enables users to interact with Lightning-enabled services via simple and easy-to-use URLs. These URLs are encrypted with cryptographic data, allowing for secure and efficient communication between the user’s Lightning bitcoin wallet and the Lightning … Read further
In recent years, bitcoin has grown in popularity and adoption around the world, drawing the attention of not only investors and entrepreneurs but also politicians and policymakers. In this article, we’ll explore some politicians around the world who have expressed support for bitcoin, and the … Read further
The Africa Free Routing initiative is a non-profit Bitcoin Lightning node run by African Bitcoiners with the objective of positioning Africa as a prominent player in the lightning payments landscape. The profits generated from operating lightning nodes will be channeled towards advancing Bitcoin education in … Read further
When buying bitcoin, it’s good practice to use exchanges that support extra layers of security to login. For this purpose, it’s most common to use 2fa standards (sometimes also called MFA). This means that alongside a strong password (generated by a password manager such as … Read further
VPN is an abbreviation for Virtual Private Network. It is a service that allows you to connect to the internet securely while also protecting your online privacy and security by establishing an encrypted tunnel between your device and the VPN server. When you connect to … Read further
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