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, […]
What Are Lightning CoinJoins?
In today’s digital age, we spend a considerable amount of time online creating data footprints that companies catalogue to use for a host of purposes. Our movements, our speech, our intentions and even our financial transactions are all tracked and catalogued. They are sold on data markets to allow certain companies to create powerful data […]
What Is Seed Phrase Entropy?
Investing in bitcoin can be a thrilling and potentially lucrative endeavour; for the first time, we have truly digitally native money you can proveably own. Before you even purchase your first bitcoin, you should be planning to take control of it through self-custody. Self-custody is the act of creating a private and public key pair. […]
What Is A Lightning Network Escrow?
The bitcoin network today has a market cap in the billions and has even reached as high as 1 trillion dollars US. The network settles billions in transaction volume each day. As it continues to prove a reliable method of transferring funds between parties, more people are beginning to trust it to settle more significant […]
What Is A Bitcoin Sovereign Rollup?
The future of Bitcoin scaling is still under debate; while the Lightning Network remains the clear market leader in terms of usage, volume of bitcoin locked, and transaction settlement, that doesn’t mean this will be a one-horse race, and other solutions are welcome to compete for bitcoin users and their precious satoshis. A new protocol […]
Why Would A Bitcoin Transaction Remain Unconfirmed?
If you’ve ever traded bitcoin on-chain before, then you probably have experienced the cold sweat and tightened sphincter that is waiting for that first confirmation. Moving money on a network with strange text string addresses and waiting for a miner somewhere in the world to secure it into a block is always going to be […]
What Is RBF – Replace By Fee?
When you perform a bitcoin transaction, it needs to be verified by the bitcoin network before it can be completed. This verification process is done by a node that broadcasts the transaction to the network. If the transaction meets bitcoin consensus requirements and the fees are attractive, miners will pick it up and add it […]