What Is MuSig2?
As a Bitcoin user, you’re using digital signatures along with specific messages to prove you’re the sender and that this is a legitimate command by you, the owner of the private key. These digital signatures are to show that you know the private key associated with an address without exposing your key to the network. […]
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 Are The Types Of Bitcoin Public Keys?
If you’ve created a Bitcoin wallet before, you should be pretty familiar with the public address or public key. This key is represented by a long string of text with letters and numbers generated by your wallet, which you can use to receive funds. When you generate a public address, your wallet uses your private […]
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 […]
What Is Lightning Node Automation?
The Lightning Network has taken the lead as the most promising solution to Bitcoin’s scalability issues, enabling faster and more cost-effective transactions. This second-layer system requires a network of peers to secure funds within payment channels between one another. These payment channels route payments off-chain and allow for more throughput without the need to broadcast […]
What Is A Satscard?
Bitcoin has grown in popularity over the years, with more people adopting it as a way to store savings, speculate on as an investment or as means of payment. As Bitcoin continues gaining traction, it needs more convenient and secure ways to use and spend it. Bitcoin continues to clear millions each day, with a […]
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 […]
Budgeting With Synthetic BTC-Backed Assets
If you are planning on living off of your Bitcoin, you will need to make some adjustments to the way you handle your money; gone are the days of getting your pay cheque, letting the debit orders go off automatically, and spending the rest on whatever you like and then putting something away for a […]
What Is BIP324?
One of the major selling points of Bitcoin is that no third party can interfere with your use of the network should you have direct communication methods by running your own node. Every day, Bitcoiners use their nodes to broadcast transactions to the network without much issue, but that doesn’t mean the process cannot be […]
What Are Seedless Bitcoin Wallets?
Bitcoin wallets are your entry point into the network and are the primary interface for individuals to manage their funds and communicate with the network. A Bitcoin wallet is software that allows you to store, send, and receive funds in the form of UTXOs. Whenever you create a Bitcoin wallet, you are provided with a […]