Bitcoin is a revolutionary new approach towards money. It implies that everyone has the potential to become their own bank, with the ability to transact freely without the need for intermediaries. This has the potential to empower individuals and communities, particularly those who have been historically excluded from traditional financial systems.
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
A Bitcoin wallet is a digital tool that allows you to store, send, and receive Bitcoin securely. It acts as a gateway to the Bitcoin network using your Bitcoin private keys (which act as a proof of ownership for your Bitcoin). Bitcoin wallets come in … Read further
Nostr (Notes and Other Stuff Transmitted by Relays) (pronounced “noster”) is a decentralized protocol designed to enable secure, censorship-resistant communication. It operates on a simple yet effective model, where users publish notes and other content to a network of relays, which then distribute this content … Read further
In recent years, Bitcoin has emerged as more than just a digital currency or speculative asset. It’s becoming a powerful tool for enforcing human rights, particularly in regions like Africa where traditional financial systems often fall short. Despite common misconceptions, Bitcoin’s unique properties make it … Read further
The Bitcoin whitepaper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” was published by an anonymous individual or group known as Satoshi Nakamoto on October 31, 2008. This groundbreaking document outlined the conceptual framework for Bitcoin, a decentralized digital currency that operates without a central authority. … Read further
There are various concepts and terminologies that are crucial to understanding how the blockchain operates. One such concept is “Bitcoin Dust.” I am going to look into Bitcoin dust, its implications, and how to manage, avoid and eliminate it. What is Bitcoin Dust? Bitcoin dust … Read further
Two of the most significant upgrades in Bitcoin’s history are SegWit(Segregated Witness) and Taproot. They are two key protocol upgrades that have significantly improved Bitcoin’s functionality. Let’s break down their individual strengths, the implications for Bitcoin users and miners, and see how they work together. … Read further
As a seasoned user of Child-Pays-For-Parent (CPFP), I’m excited to share my knowledge and experience. In this article, I’ll delve into the world of CPFP, explaining what it is, how it works, its benefits, and more. I’ve encountered the occasional slow-moving transfer. Let’s face it, … Read further
Managing multiple addresses for a single Bitcoin wallet can be cumbersome. The Bitcoin Extended Public Key, or xPub for short, is a cryptographic key that simplifies this process while maintaining security. What is an xPub, and what is it used for? At its core, xPub … Read further
Bitcoin’s popularity has led to a challenge: slow transaction times and high fees. Two innovative solutions have emerged: Liquid Network and Lightning Network. Let’s break down their differences. What is Liquid Network? The Liquid Network, launched by Blockstream in 2018, serves as a sidechain for … Read further
Costa Rica, often hailed for its natural beauty and eco-tourism, but it is also becoming a hotspot for Bitcoin enthusiasts, especially because of “Bitcoin Jungle”, a burgeoning Bitcoin community. But what exactly is the state of Bitcoin in this Central American nation, and how accessible … Read further
The Bitcoin network and the Lightning Network are both integral parts of the Bitcoin ecosystem, but they operate in distinct ways. The Bitcoin network, also known as Layer 1 or on-chain, serves as the core infrastructure for Bitcoin transactions. On the other hand, the Lightning … Read further
A hardware wallet is a specialized form of Bitcoin wallet that securely stores the private keys necessary to access and manage your Bitcoin holdings. Unlike software wallets, which are applications or programs running on computers or mobile devices, hardware wallets are physical devices designed to … Read further
Bitcoin escrow is a service that ensures the security of transactions involving bitcoin. In a typical escrow arrangement, a trusted third party holds the funds being transacted until certain preset conditions are met. This adds an extra degree of protection and confidence for both consumers … Read further
As the adoption of bitcoin continues to grow worldwide, Africa has emerged as a vibrant and dynamic hub for bitcoin users and innovators. In response to this rising interest, various individuals, organizations and initiatives have emerged, dedicated to providing valuable resources for bitcoin education in … Read further
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