What Is The Sequentia Side Chain?
Bitcoin is optimised for security and reliability. Its design, while robust, has inherent limitations when it comes to scalability. The blockchain, the underlying technology, can only process a finite number of transactions per second. This limitation, often referred to as the “scalability trilemma,” presents a significant challenge as the network’s popularity grows. As Bitcoin’s user […]
What Is Bitcoin Block Art?
It’s been a quiet few months when it comes to on-chain graffiti; it seems like a lifetime ago, Ordinals enjoyers claimed they broke Bitcoin, and the mempool was stuffed to the brim with inscription-based transactions. For a while, the mempool was more of a meme pool as the trend of stuffing JPEGs and JSON files into blocks had its […]
What Is Block Propagation?
Bitcoin is a blockchain-based network comprised of thousands of nodes distributed worldwide that remain connected and communicate through a gossip-based flooding protocol. When a block is successfully mined, that mined block is propagated to all participating nodes in the network and added to the chain. All nodes must remain synchronised with the latest transactions so […]
What Is An Orphan Block?
The Bitcoin blockchain is a distributed ledger held on all full nodes running right now and all full nodes that will sync from the Genesis block to the current chain state. This ledger keeps records of all past Bitcoin transactions and is added to roughly every ten minutes when a new block is secured. Anyone […]
What Is The Liquid Federation?
Bitcoin’s ability to scale is limited by design trade-offs made in the past that optimise for security and decentralisation; as a result of no compromise on those two pillars of the network, scalability on-chain is sacrificed. Today the number of transactions the network can safely secure with every block would not be able to support […]