What Is A Sidecar Channel?

side car channels in LN

The Lightning Network is a peer-to-peer payment system that requires you to establish a connection with one other network user, in this case, a Lightning node. You would create a channel between yourself and another Lightning user, and this channel, backed by an on-chain UTXO, allows you to move funds between the two of you […]

Bitcoin App: Apollo

Apollo bitcoin app

Review portals are sites that collect opinions from customers and publish them for others to leverage when gauging a brand or business’s reputation. The principle is based on curating the wisdom of the crowd and ensuring reviews of products, services or companies can provide value even with paid reviews, biased reviews and brand management teams […]

What Is Bitcoin Block Time?

BTC block time explained

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 Loud?

Bitcoin Mining Is Loud

Bitcoin mining gets a lot of flack from the general public; if it’s not using too much energy, it’s driving up the price of computer chips. If it’s not generating useless computation that cannot be used for anything else, it’s making too much noise. Bitcoin miners provide computing power to the network in a globally […]

Why Is Bitcoin Mining So Energy Intensive?

BTC mining energy intense

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

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?

money creation requirements

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?

Biggest bitcoin losses in history

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 […]

What Are AirGapped Bitcoin Wallets?

Airgapped btc wallets

When it comes down to securing your bitcoin and holding your keys, there isn’t a single path to storage. You can start with a method as simple as downloading a software hot wallet for free and generating a set of keys on your desktop or mobile device, or you can opt for something more elaborate, […]

What Is Bitcoin Price Manipulation?

BTC price manipulation

Once you step into the bitcoin market, you’ll have to deal with volatility; everyday buyers and sellers meet on markets worldwide, buying and selling the asset. Every day, supply and demand meet one another, and they settle on a current trading price because there are so many different actors involved, all with different motivations, and […]