What Is Bitcoin Core?

What is Bitcoin Core?

Bitcoin is a decentralised digital currency launched in 2009. It requires a network of nodes to store a copy of the ledger and validate blocks and a set of miners that convert energy into hash power so that blocks can be mined. Bitcoin is based on a peer-to-peer network that allows users to send and […]

What is Nix Bitcoin?

Nix Bitcoin Explained

Participating in the Bitcoin network can be as simple or as complicated as you want to be; the simpler your involvement, the more you’re offloading tasks to third parties. If you’re not taking self-custody of your Bitcoin in a wallet where you hold the private keys, then you’re likely using a custodial service or an […]

What Is ANYPREVOUT?

ANYPREVOUT Explained

As Bitcoin has grown into a network that holds several billion in value and clears billions per day in transactions, you can understand that any proposed changes will be combed over for every spelling mistake. The amount of value people have invested in it and the amount of value it creates by settling transactions is […]

What Are Lightning Fee Rate Cards?

Lightning fee rate cards

To successfully run a Lightning node, you need to understand how the Lightning Network works; it is not some plug-and-play operation where you can set it and forget it. When you commit funds to the Lightning Network, you’re dealing with funds in a hot wallet that is connected with another peer and needs to remain […]

What Are Lightning Network Negative Fees?

negative fees lightning network

When you run a Bitcoin Lightning node, you have the advantage of being able to route payments through this network at a far cheaper rate than you would on-chain, but to do so, you’re dealing with an entirely different environment. Lightning lives on top of the Bitcoin blockchain, but it has its own set of […]

What Are StateChain Lightning Channels?

Statechain Lightning channles

Bitcoin has revolutionised the way we think about money and transactions. However, one of the biggest challenges facing Bitcoin today is scalability and the reality of bringing this network to the next billion people without it completely baulking under the demand to settle transactions quickly and privately. As the number of users and transactions on […]

What Is LangChainBitcoin?

LangchainBitcoin explained

Large language models (LLMs) are a type of artificial intelligence (AI) that are trained on massive datasets of text and code. This allows them to perform a variety of tasks, such as generating text, translating languages, and writing different kinds of creative content. In the last year, LLMs have become increasingly popular, with Open-AI’s GPT-3 […]

What Is A Statechain CoinJoin?

statechain coinjoins explained

Bitcoin is an open monetary network that anyone can use as long as they have the software to communicate with the network. Your method of interacting with the network can be as simple as using a software wallet and broadcasting via a third-party node, or you can talk to the network directly via your own […]

What Is JIT Routing?

Jit Routing explained

The Lightning Network is a second-layer protocol that sits on top of the Bitcoin blockchain. It allows for fast, cheap, and scalable payments between peers that have chosen to connect with one another by securing Bitcoin in a 2 of 2 multi-sig transactions. When a user broadcasts a Lightning channel open, they decide how much […]

What Is A Just-In-Time (JIT) channel?

Jit Channels Explained

Scaling Bitcoin to the next 1 billion people was never going to be a straightforward task, and as the growing pains continue, so do the lessons. On-chain transactions aren’t practical for several reasons, such as cost and time to confirmation, relegating certain transfers like your small eCommerce payment, and tipping or streaming payments to higher […]