Bitcoin, Bitcoin Tech, Bitcoin Wallet
Bitcoin transactions are the cornerstone of how the Bitcoin network operates, and ensuring their security is paramount. To help facilitate more complex, secure, and flexible transactions, the concept of Partially Signed Bitcoin Transactions (PSBTs) was introduced. PSBTs allow multiple participants to collaborate on a transaction … Read further
The Liquid Network, launched by Blockstream in 2018, is a side chain solution built on top of Bitcoin. It functions as a separate blockchain but is pegged to the main Bitcoin blockchain. Liquid Network aims to address limitations of Bitcoin’s scalability and privacy. Therefore, it … Read further
Bitcoin Lightning, Bitcoin Tech
A Lightning Address protocol is a new method of sending and receiving bitcoin payments that aims to make the process as simple and straightforward as sending an email. You can create a unique, human-readable address with Lightning Addresses that can be used to send and … Read further
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 you 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 as … 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
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
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
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