Why The Bitcoin Price Differs Across Exchanges?
The price of bitcoin tends to take up most of the discussion and attention, especially with those new to the asset, and some even become obsessed with it. Riding the highs and lows that are bitcoin volatility can be an emotional rollercoaster, and becoming a constant price checker won’t help your situation. If you have […]
What Are Wumbo Lightning Channels?
Bitcoin’s Lightning Network has reached significant milestones as it continues to provide bitcoin users with a scaling method ideal for micropayments and programmable payments. The lifeblood of the Lightning network is the amount of channels and the size of channels, all working in unison to create a mesh network to settle payments instantly. As more […]
What Is A Green Bitcoin Miner?
Bitcoin mining requires increasing amounts of energy to power the computers that verify and record secured transactions on the time chain. Miners are on a mission to constantly source the cheapest forms of energy and the most reliable to keep their rigs running 24 hours a day. In some cases, this energy may come from […]
What Is The Bitcoin Float?
When Satoshi Nakamoto, the anonymous creator or creators behind bitcoin, designed the world’s first digital bearer asset, they wanted no ambiguity surrounding the supply or the insurance. The bitcoin network’s maximum supply was meant to mimic the finite quantity of physical commodities, which would see demand hit an ever-decreasing supply. The maximum number of bitcoin […]
How Fees Work On The Liquid Network
The Liquid Network is a layer-2 solution for bitcoin, which allows users to move funds to a different blockchain with a different set of rules and consensus mechanisms. The Liquid network offers users fast, confidential settlement and issuance of digital assets, such as stablecoins, security tokens, and other financial instruments, on top of the bitcoin […]
What Is Bitcoin Block Time?
Creating a decentralised network that anyone can plug into to either verify transactions, commit transactions to the database, or secure transactions to the ledger requires a blockchain. The blockchain allows you to verify exactly what is going on in the network, but since the chain is not stored but distributed, all copies of the ledger […]
Why Is Bitcoin Mining So Energy Intensive?
When Satoshi Nakamoto mined the first bitcoin back in 2009, the plan was to create a decentralised payments platform that would revolutionise how we create money, how we manage balances and how we transfer value between participants in the network. The idea behind proof of work was to create a competitive marketplace where anyone could […]
The 12-Step Shitcoin Recovery Program
So you got into shitcoining because you heard you could make a lot of money in a short period of time, but it was not a get-rich-quick scheme. Let me guess the person that told you this also told you to invest in some of those coins told you it wasn’t financial advice. You decided […]
Why Does Money Creation Require A Cost?
To verify transactions, bitcoin mining computers are required to solve ever more complex math problems and the first one to provide the correct hash gets to secure a new block to the network. This is the proof of work consensus mechanism that underpins the network. When Satoshi mined the first few blocks, miners were relatively […]
What Are The Biggest Publicly Known Bitcoin Losses?
The news of FTX’s dramatic rise and fall has so many moving parts, but its balance sheet has to be the be-all and end-all, the only source of truth we can look to once all the dust settles. It tells the story of the misappropriation of customer funds and the result of focusing on financial […]