What Is The Liquid Federation?
Bitcoin’s ability to scale is limited by design trade-offs made in the past that optimise for security and decentralisation; as a result of no compromise on those two pillars of the network, scalability on-chain is sacrificed. Today the number of transactions the network can safely secure with every block would not be able to support […]
How To Navigate A Bloated Bitcoin Mempool
When you commit a transaction to the Bitcoin blockchain, it goes through several phases before being confirmed on-chain. Part of that process is having your transaction added to the mempool. The Bitcoin mempool plays a crucial role in the transaction process, acting as a holding area for unconfirmed transactions. Usually, your transactions won’t spend too […]
How To Create A Bitcoin Payment Request
A public key allows you to receive bitcoin transactions and is a unique path generated by your wallet’s seed phrase. It’s a cryptographic code that’s paired with a private key. When you generate a public key, anyone can send transactions to the public key; however, you need the private key to “unlock” them and prove […]
Bitcoin App: PeerSwap
The Lightning Network (also referred to as Lightning or LN) is a scalability solution built on top of the bitcoin main chain that allows users to send and receive BTC with virtually no fees instantly. Lightning is considered to be an off-chain Layer 2 solution, meaning that transfers are done via a new network of payment channels anchored […]
What Are Bitcoin Volcano Bonds?
El Salvador made history in September 2021 when it became the first country to include bitcoin as a legal currency alongside the U.S. dollar. Since the announcement, we’ve seen bitcoin businesses set up a presence in the Central American nation, along with bitcoin flooding into their borders through the global remittance market and bitcoin tourism. […]
How To Open A Lightning Channel On The Liquid Network
The scaling of bitcoin beyond the base chain has seen the expansion of layer two protocols, with unique trade-offs designed to facilitate a certain type of transaction and user base. The Liquid Network is optimised for processing medium to large-sized transactions, often used by traders to arbitrage between exchanges. The Liquid Network is a fork […]
How Fees Work On The Liquid Network
The Liquid Network is a layer-2 solution for bitcoin, which allows users to move funds to a different blockchain with a different set of rules and consensus mechanisms. The Liquid network offers users fast, confidential settlement and issuance of digital assets, such as stablecoins, security tokens, and other financial instruments, on top of the bitcoin […]
What Is A Point Time Lock Contract?
After the scaling debate for bitcoin has settled on the idea of side chains and parallel protocols, we’ve seen the emergence of alternative networks where bitcoin can operate without the constraints of the base chain; of these new environments, none more popular than the Lightning network. Known as a bitcoin “second layer” because most of […]
How To Speed Up A Bitcoin Transaction
If you have ever made payments using the bitcoin network, you may have noticed how long it takes for the network to confirm transactions, depending on how long your transaction sits in the mempool it can be picked up in 10 minutes or much longer. In extreme cases, it can go days before you receive […]
How To Reduce Bitcoin Transaction Fees
Bitcoin is the first form of digital money where you not only have custody of the asset yourself, but you can control the conditions in which it is spent; when you broadcast to the network, you can use the default rules of the wallet, or you can customise it to your needs, that is the […]