H17N Bitcoin Blog

Bitcoin

What is hyperbitcoinization

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

lightning network

Bitcoin, Bitcoin Lightning

What’s Lightning Network?

The Lightning Network is a payment technology that runs on top of a blockchain. It is intended to allow for quick, low-cost, and private transactions between participating nodes. The Lightning Network’s basic premise is to allow users to create off-chain payment channels between any two … Read further

bitcoin proof of reserves

Bitcoin

Why Proof of Reserves doesn’t really help

Bitcoin exchanges use Proof of Reserves (PoR) to demonstrate that they have enough funds to cover all customer deposits. The goal of Proof of Reserves is to increase transparency and trust in the exchange. With the collapse of Scam Bankster Fraud‘s FTX in November 2022, … Read further

How NGOs use bitcoin

Bitcoin

The Bitcoin NGO Guide 2022

The Bitcoin NGO Guide shows on how NGOs, activists, foundations, governments, and aid organizations can use bitcoin to improve their operations. The guide is written by Leigh Cuen with support from the Human Rights Foundation and published in partnership with the Bitcoin Policy Institute. It … Read further

Machankura

Bitcoin

Bitcoin without internet: Machankura

Until recently, the only way I could send or receive Bitcoin in Africa was via my smartphone and an internet connection. This meant that a huge number of potential Bitcoin users in Africa were excluded from the Bitcoin ecosystem because they own low-cost mobile phone. … Read further

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