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 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 […]

What Is Simple Payment Verification?

BTC simple payment verification

To keep the bitcoin protocol running smoothly and protect the network, proof of work is required for security, fraud prevention, and trust-building. Independent data processors (miners) cannot mislead about a transaction because of its security. Proof of work is also used to protect bitcoin’s transaction history while making data changes more difficult over time. Once […]

Where Does Bitcoin Interest Come From?

Where bitcoin interest come from?

In a world of high inflation, low-interest rates and falling wages, more people are forced further out of the risk curve. If you’re simply saving in cash or holding it in an interest-bearing bank account, you’ve probably noticed that it’s not getting you very far. While the nominal figure does increase year on year, the […]

What Are Dormant Bitcoin Addresses?

Dormant Bitcoin Address

The bitcoin blockchain is a distributed ledger that anyone can view and verify with or without a third party. You could choose to use a public blockchain explorer and trust the data they’re pulling from their node, or you could run your own bitcoin full node, download an entire copy of the bitcoin blockchain and […]

How Altcoin Exchanges Carry Liquidity Risk

altcoin liquidity risk

Once you venture into the world of bitcoin and plan to acquire some, you’re faced with the reality that centralised exchanges are the easiest, cheapest and simplest way to get exposure to bitcoin. These on-ramps have market demand, and these fintech services function similarly to banks. You deposit fiat currency with them, and these exchanges […]

How To Open A Bitcoin Lightning Channel?

open a 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 Lighting Network the ability to route payments faster and cheaper. The Lightning Network […]

How To Close A Lightning Channel?

closing a LN 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 […]