What Are Fedi Modules?
Bitcoin is a decentralised network that allows us to transact using purely digital money. It has the potential to revolutionise the way we think about money, saving, payments and commerce. It is not controlled by any central authority, and it can be used to send and receive payments anywhere in the world without the need […]
How To Navigate A Bloated Bitcoin Mempool
When you commit a transaction to the Bitcoin blockchain, it goes through several phases before being confirmed on-chain. Part of that process is having your transaction added to the mempool. The Bitcoin mempool plays a crucial role in the transaction process, acting as a holding area for unconfirmed transactions. Usually, your transactions won’t spend too […]
What Is The Bitcoin UTXO Set?
When you first start to venture down the path of magic internet money, it can be jarring to get your head around the concept of digital ownership. The idea of trading 1s and 0’s is not new; we’ve been doing it with digital payments for ages; what we see on the screen as users are […]
Safety Tips For Storing Your Seed Phrase
As Bitcoin continue to gain traction and increase in price, the importance of understanding and protecting your digital assets become increasingly critical. Many of us are still coming to terms with the idea of “owning” something that is completely digital. If something is only data, how do I prove that I own something? How is […]
What Is A TapSigner?
If you’re a Bitcoin user, you’re probably familiar with the challenges of securing your satoshis. You obviously do not want to leave it with a third-party custodian, where you risk losing your funds and only have permissioned access to that Bitcoin. Ideally, you want to take control of those funds by using a wallet that […]
What Happens If I Send Bitcoin To An Incorrect Address?
Electronic payments have become second nature to many of us; fewer people in developing economies are using physical cash. Instead, we settle bills through online transactions, be that with a card at a point-of-sale terminal or online with eCommerce websites. Credit and debit cards, mobile wallets, remittance services, internet and mobile banking, and many other […]
South Africans Should Consider BTC As Bank Failure Insurance.
South Africa is one of the most banked countries on the continent, with an estimated 85% of adults having bank accounts. We have plenty of middle-class and working-class people who are used to having a bank account, using NFC tap payments, using ApplePay or Visa and MasterCard credit and debit cards, but this isn’t the reality for […]
Protect Your Bitcoin Against In-Person Attacks
As the popularity of Bitcoin increases, so does the risk of physical theft; this new digital store of value might not be the obvious target for criminals now, but that doesn’t mean it will always be that way. Taking self-custody is part of the Bitcoin experience, and while you eliminate third-party risk, you now open […]
Bitcoins Price Encourages More Secure Self Custody
Bitcoin always captures the imagination of normies when it starts rising in price, and the headlines surely follow. These FOMO epochs bring in a bunch of new investors who seek to acquire their fortunes over a short space of time. Those that wish to make a quick buck trading bitcoin IOUs on exchanges aren’t interested […]
What Are Bitcoin Multiplication Schemes?
South Africans have been falling victim to bitcoin scams at an alarming rate, leaving many puzzled about why this is happening; how many times can one nation’s people be burned before they learn? My guess would be far too many. Considering some of the high-profile cases such as BTC Global, Mirror Trading International and Africrypt, […]