H17N Bitcoin Blog

bitcoin money transfer africa
bitcoin money transfer africa

Bitcoin, Bitcoin Fixes

How Bitcoin Fixes Money Transfer in Africa

Africa is on the cusp of a financial revolution with Bitcoin. This digital currency offers a faster, cheaper, and more secure way to send and receive money compared to traditional methods. Bitcoin’s potential is further amplified by the Lightning Network, a second-layer protocol built on … Read further

bitcoin self custody

Bitcoin, Bitcoin Security

What’s Are Self-Custody Wallets?

Bitcoin self-custody is the act of individuals directly holding their own bitcoin without the use of custodial wallets or intermediaries such as exchanges or other third-party services. This enables you to have complete control and responsibility over your bitcoin by securely storing in a self-custodial … Read further

Bitcoin, Buy Bitcoin

Bitcoin only exchanges

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

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

Join our monthly newsletter

Be in the know, receive exclusive offers by joining our email list.