What Is Shamir Secret Sharing?
In researching Bitcoin, you’ve likely come across terms like decentralised, stateless, non-custodial, and elimination of third-party risk, all routed as benefits of using the network; well, that and “number go up“, right? While these features are unique to Bitcoin and contribute to the value proposition, many of us distil all that value into the fiat […]
What is Graftroot?
The Bitcoin network is seen by some as a simple way to send and receive funds without the need for counterparties. Bitcoin has been settling transactions for over a decade, and its robustness and reliability are what it is known for, while more complex transactions are not often associated with Bitcoin. However, as Bitcoin has […]
What Is Additive Batching?
Bitcoin has the ambition of becoming a global settlement network, but the network faces growing pains as more users flood the blockchain with transactions. There are distinct limitations in the number of transactions that can be pushed through and receive final confirmation on chain, and the fee market is used to balance and order transactions. […]
What Is A Generic Sign Message?
Creating a Bitcoin wallet is not only a place to store your Bitcoin, but it’s a way for you to interact with the Bitcoin network. While most of us would focus on using our wallets to generate new public key addresses so we can receive Bitcoin or signing transactions to send Bitcoin, there are other […]
What Are Lightning Network Blinded Paths?
When you transfer funds via the Lightning Network, you can do so via a direct channel with your peer, be that a family member or an application you enjoy using regularly, or you can route a payment through the network. As you can imagine, it wouldn’t be practical to ask a user to create a payment channel with […]
What Is A RoboSats Federation Coordinator?
RoboSats is a P2P marketplace that began as a Lightning native way to trade Bitcoin using hodl invoices but has since expanded to supporting trades on the Bitcoin base chain as well as the Liquid Network, with the launch of swapping services. The application is a free and Open Source project; anyone can spin up a new RoboSats […]
What Are Fake Lightning Channels?
Payment networks like Bitcoin are attractive targets for attack because they handle large sums of money and they transfer the bearer asset. If you can compromise a wallet or node and access the funds, there is no way of rolling back the chain, and those funds are lost forever. While the Bitcoin network itself has […]
What Are The Dangers Of A Hard Fork?
If you plan to put the fruits of your labour into a monetary network, you would probably like it to be around for the foreseeable future to remain consistent and provide you with a reliable service you can verify at any time. This is one of the promises of the Bitcoin network; you would have […]
What Is A Miner Activated Soft Fork (MASF)?
The Bitcoin Network and its underlying blockchain is a programmable money system open for anyone to review and audit. The rules of Bitcoin are governed by the code Bitcoin Core code base, and every node ensures the rules are checked against every block, while miners need to abide by the rules if they want to […]
What Is Multi-Party Computation (MPC)?
I am sure a few days after receiving your first paycheque; someone told you how important it is to “manage your money”. Earning an income is only one half of the equation; keeping the money and ensuring you have a larger capital stock for a rainy day is the second task you’re left to figure […]