A no KYC exchange is a bitcoin exchange that does not impose Know Your Customer (KYC) rules. KYC is a regulatory process that requires you to give personal identity information when opening an account on an exchange, such as government-issued ID, phone number, a selfie, … Read further
How much bitcoin do you have? I keep meeting people who are eager to tell me when they became “into crypto,” or even “into Bitcoin.” This seems ridiculous and dumb to me. Chat with Matthew already 21 messages Matthew 10:12AM, Today Hey, I’m Matthew, nice … Read further
Bitcoin is a digital currency that operates on a decentralized network known as the blockchain. To send bitcoin from one address to another, you must first create a transaction and broadcast it to the network. This transaction must be verified and added to the blockchain … 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
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 P2P (peer-to-peer) Bitcoin exchange is a decentralized platform that allows you to buy and sell bitcoin directly with one another without the use of a third-party intermediary such as a bank or exchange. In this type of exchange, buyers and sellers can connect with … 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
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
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
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