What Is A Bitcoin Passphrase?
In Bitcoin, where fortunes reside in strings of code, security should always be your number one priority. When you decide to store your wealth in Bitcoin, your first task is to eliminate third-party risk, which involves generating a set of private keys only you can access; once you have those keys, you can generate public […]
How Do You Deal With Custodial LN Wallet Caps?
Lightning, the scaling solution for Bitcoin, promised fast and cheap transactions with a few trade-offs. Instead of providing the same UI as on-chain transactions, Lightning offers an entirely new ecosystem filled with its own technical competencies and learning curve. The many hurdles, like remaining online, managing liquidity and channel sizes, and more, have limited the […]
Options For Migrating WoS Users
Wallet of Satoshi (WoS) is a popular Bitcoin Lightning wallet provider that has developed quite a user base due to its simplicity and ease of use. This custodial wallet has an easy-to-understand user interface and abstracts all the complexities of Bitcoin. It is available for free on iOS and Android, and once installed, all you […]
What Is A Universal Money Address (UMA)?
The Bitcoin landscape has grown exponentially in recent years, with more and more investors, institutions, and businesses entering the space. While you can still use Bitcoin Core as your wallet today with your node, as always, new software developers and companies have taken it upon themselves to create wallets catered to different markets. Today, we […]
What Is A Social Recovery Wallet?
As Bitcoin and blockchain technology continue to gain popularity, this new way of managing money and interacting with apps and each other online brings a new set of concerns. If you’re interacting with Bitcoiners or apps that support Bitcoin, you will need a wallet to send, receive and manage your funds. Some services try to […]
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 […]
Why Most Lightning Users Opt For Custodial Wallets
Bitcoin is all about removing counter-party risk; the fact that you can self-custody with only the need to run software on your device is a revolutionary discovery. When you run a Bitcoin node and generate an offline wallet with a seed phrase, there is no one sitting between you and the monetary network. You hold […]
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 […]
What Is A Stonewall Transaction?
Bitcoin is a permissionless digital currency that is designed to be secure and censorship-resistant while also retaining some elements of privacy. If you were to use Bitcoin without KYC, you could take advantage of its pseudonymous nature; unfortunately, this isn’t a reality for most people. Today, many new Bitcoin holders acquire their funds through centralised […]
What Is Frostsnap?
The core of Bitcoin’s value proposition is the ability to self-custody through the simple act of creating a wallet where you hold the only copy of the keys. When you self custody your funds, you are free of any third-party risk, but you will face a different set of obstacles. If you ever lose your […]