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 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
Starting from 2022, Pick n Pay, the retail giant in South Africa, has enabled its customers to make payments using bitcoin across all its 1628 stores. This move follows a trial period of five months in ten Western Cape stores. The service fee charged for … Read further
A bitcoin circular economy is a decentralized marketplace (often referred to as “Bitcoin Zones”), where individuals can exchange goods and services for bitcoin, including everyday necessities such as food, housing, and employment. The bitcoin circular economy operates on the principles of a free market, where … 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
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 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 … Read further
Bitcoin mining rigs are specialized computers that are used to solve complex mathematical problems to create a new block in the blockchain, and in turn, generate a reward in the form of a bitcoin. Bitcoin transactions are secured and validated by a network of computers … Read further
Bitcoin has the potential to revolutionize money transfer in Africa by providing a fast, cheap, and secure way to send and receive funds. Especially when sending value over the Lightning network. Money transfer between African countries can be a challenging and expensive process due to … Read further
Bitcoin self-custody is the act of individuals directly holding their own bitcoin without the use of intermediaries such as exchanges or other third-party services. Individuals have complete control and responsibility over their bitcoin, which are securely stored in a self-custodial wallet using their own private … Read further
As of 2023, there exist 584 centralized exchanges, playing a crucial role in the fiat/Bitcoin economy as on- and off-ramps for buying and selling Bitcoin. However, it is important to keep in mind that these exchanges should not be considered friends. They simply provide a … Read further
Hyperbitcoinization (h17n) is the process by which Bitcoin becomes the default or main means of exchange for transactions. It is driven by an increase in the acceptance and use of Bitcoin as a medium of exchange, and by a decrease in the use of other … 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
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