What Is Bitcoin Ossification?
Bitcoin, the world’s first and only decentralised cryptocurrency, has undergone numerous changes since its inception in 2009. Even Satoshi himself was around to deploy some updates during his brief stint as master of the code base, before handing it over. However, as the network matures and starts to hold some serious value, a critical concept […]
What Is Spark?
I’ve had a bit of L2 fatigue this past year and a bit, with everyone and their grandma getting a couple of VC seed round cheques cut to roll out the “next generation of Bitcoin scaling solutions.”The vast majority of those whitepapers, litepapers, and GitHubs rolling out in this niche are just skibidi toilet brainrot […]
What Is Simplicity?
One of the criticisms often levelled at Bitcoin is its limited scripting capabilities, which restrict the complexity of smart contracts. If you ever speak to a crypto-bro, whether he can write a solidity smart contract or not, they will say that Bitcoin is a boomer coin because it can’t execute some arbitrary function on the […]
What Is The Sequentia Side Chain?
Bitcoin is optimised for security and reliability. Its design, while robust, has inherent limitations when it comes to scalability. The blockchain, the underlying technology, can only process a finite number of transactions per second. This limitation, often referred to as the “scalability trilemma,” presents a significant challenge as the network’s popularity grows. As Bitcoin’s user […]
What Is Fractal Bitcoin?
It feels like nearly a lifetime ago now that Ordinals were making headlines and stirring up all sorts of arguments about how to use block space; while the debates raged on for a brief moment in time, fees were astronomically high, making the base chain unusable for the average person. If you wanted to spend […]
What Are Anchor Outputs?
Before diving into anchor outputs, it’s essential to grasp the basics of the Bitcoin Lightning Network. Imagine the Bitcoin blockchain as a busy highway that sometimes gets congested. While it’s reliable, transactions can be slow and expensive during peak traffic. While the highway works on a first-come, first-served basis, Bitcoin allows you to bump up […]
What Is The Spaces Protocol?
Bitcoin created a phase change in how we see data. Before the beloved orange coin, we saw everything digital as a commodity of unlimited supply, able to always be copied and reproduced in some form. The advent of distributed ledger technology brought about a new way of thinking, and early adopters started to grasp the […]
What Is GroupHug?
Transaction fees on the Bitcoin network can be a real pain point, especially for smaller transactions. We’re not all moving Saylor-sized stacks on-chain where any fee is a rounding error, and for the average pleb, the cost of block space matters. If more people start using Bitcoin regularly, the cohort of fee-sensitive users will also […]
What Is Ark V2?
Bitcoin’s impact on finance is undeniable; it’s built an entirely new asset class from a grassroots movement, and that growth comes at a cost: block space. The more people onboard to the network, the more likely it becomes that a large cohort of people will want to fit in a block at any one time, […]
What Is A Unilateral Exit?
Bitcoin operates as a decentralised network, meaning no single entity controls it. Transactions are recorded on a public ledger (blockchain), fostering transparency and trust. The ledger is maintained by thousands of nodes distributed around the world, making it impossible to change or censor. These attributes resonate with users who value freedom from central banks and […]