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
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 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
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
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 Culture, Bitcoin Security
Last night, a guy told me he had 4.5 btc without me even asking. He said he was into crypto since 2018. I said I got into Bitcoin last week, I went all in, but I obviously don’t have enough. He started laughing and said, … Read further
Bitcoin wallets are designed to hold and manage the private keys associated with your bitcoin holdings. These private keys are critical for accessing and spending your funds, so what would stop a wallet from stealing your bitcoin without your knowledge? Can bitcoin be stolen from … Read further
The best solution to protect your bitcoin keys is cold storage. However, it is also convenient to be able to use your bitcoin for everyday payments, which may be done on your smartphone as well as your laptop or desktop computer. As a result, you need to understand operating system security.
Bitcoin Smiles is a program launched by BTCPay Server, Bitcoin Design, and Diente Zonte to use bitcoin to bring smiles to the people of El Salvador by giving free dental care to the needy. El Salvador is the first country in the world to make … Read further
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
The list of failed cRyPtO exchanges and other platforms, such as Initial Coin Offerings (ICOs), that disappeared with user funds is long and continues to rise. This serves as a stark warning. While legitimate exchanges exist, especially Bitcoin-only, non-custodial exchanges, the industry remains vulnerable to … Read further
Bitcoin Arabic is an initiative launched in 2019 to break down language barriers and spread bitcoin knowledge in the Arab world. The initiative has so far published over 60 articles and books on various aspects of Bitcoin. The initiative is run by volunteers who believe … Read further
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