Andy Owethu
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
Bitcoin Security, Bitcoin Wallet
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 block size 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 … 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 gained significant traction and widespread adoption, attracting not only investors and entrepreneurs but also politicians, policymakers, and everyday people. This article aims to explore various politicians around the world who have expressed support for Bitcoin and delve into the reasons … 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
What is a SegWit address? Segregated Witness, or SegWit, is a proposed solution to the Bitcoin network’s scalability problem. It is a Bitcoin address that separates transaction data from signature data (witness data), making transactions smaller and fitting more into each block. SegWit addresses emerged … Read further
CoinJoin is a technique used as a bitcoin anonymizer to enhance transaction privacy. It was first proposed in 2013 by Bitcoin developer Greg Maxwell as a way to improve Bitcoin users’ privacy. CoinJoin operates by combining several bitcoin transactions into a single transaction. This makes … Read further
Bitcoin self-custody is the act of individuals directly holding their own bitcoin without the use of custodial wallets or intermediaries such as exchanges or other third-party services. This enables you to have complete control and responsibility over your bitcoin by securely storing in a self-custodial … Read further
Dollar cost averaging (DCA) or recurrent buys is an investment strategy by which an investor uses fixed amounts of money to invest in a set period of time. For example, you use the same amount of national currency (fiat money such as euros or dollars) … Read further
The Lightning Network is a bitcoin payment technology that runs on top of a blockchain. It is intended to allow for quick, low-cost, and private Bitcoin transactions between participating nodes. The Lightning Network’s basic premise is to allow users to create off-chain payment channels between … Read further
The best solution to protect your bitcoin keys is cold storage. However, it is also convenient to be able to use your bitcoin for everyday payments, which may be done on your smartphone as well as your laptop or desktop computer. As a result, you need to understand operating system security.
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