What Is A Bitcoin Mining Capitulation?
Bitcoin mining is not some passive investment opportunity where you can print money using fancy computer equipment; it’s a cutthroat industry where individuals and companies compete to secure the next block. Bitcoin mining has elements you can control, such as the type of machine you’re using, your expenditure cost basis and the software you’re running, […]
How To Open A Bitcoin Lightning Channel?
The Lightning Network is a second-layer protocol designed to enable off-chain Bitcoin transactions, which are not recorded on the blockchain. By skipping the need to confirm every transaction and settling between channel partners, you remove the restrictions of the base chain, which gives the Lightning Network the ability to route payments faster and cheaper. The Lightning Network […]
How To Close A Lightning Channel?
The Lightning Network is a second-layer solution that lives on top of the bitcoin network, designed to facilitate faster transactions by removing the need to confirm all transfers of funds through proof of work on the base chain. The way funds are moved through the Lightning network is by locking up bitcoin in a hashed […]
What Is The Bitcoin White Paper?
Every product starts with the ideation phase; this is where an idea is put out into the world to elicit criticism and feedback and solicit others with expertise in certain areas the project covers. By creating a formalised document, the creator can gauge the appetite for the product shortcomings with the idea and even encourage […]
Bitcoin And Creative Destruction
In life, we’re all taught through our experiences; if we do something constructive, we receive a positive outcome, a reward. Something that reinforces the behaviour and encourages us to repeat it and secure that carrot. On the opposite side is the stick. If we do something destructive, we receive a negative outcome. We get burned. […]
9 Reasons Why You Want To Mine Bitcoin At Home
If you’ve heard about bitcoin, you probably already know that to acquire some, you either need to purchase it from someone or mine them yourself. The concept of “creating” bitcoins from your computer by providing security to the network through the conversion of electricity into hash rate has become a booming industry over the last […]
What Is Pear Credit?
It seems as if Food Finance, the trend of naming protocols and services after food, is finally coming to bitcoin, and it may trigger some bitcoiners, because of the PTSD coming from the food-named protocols that have blown up in the wider “DEFI sector”. Tether, the company behind the world’s largest stablecoin USDT, has, together […]
What Is Chaumian eCash in Bitcoin?
The bitcoin network suffers from limitations in its design and needs to remain decentralised and free from political pressure. The trade off’s made to ensure bitcoin remains secure means the base layer cannot scale to billions of people. The bitcoin network can only process six transactions a second, and that is never going to be […]
DAO’s Don’t Make Sense
Although the next era of the internet hasn’t been defined, pioneers in the bitcoin space are hard at work, building a set of self-sovereign tools for individuals and businesses to operate across borders with either no trust or certain trust assumptions. Even with bitcoin’s immutable layer underpinning these solutions, there are still many hurdles to […]
What Is A PayJoin?
Bitcoin runs on an open public ledger that anyone with the know-how can gain access to; the average person can track any bitcoin public address or transaction ID using a hosted block explorer or via their bitcoin full node. Those who want more in-depth monitoring can, in theory, pull this data into a database and […]