he bitcoin lightning network is a p2p network built on top of and uses the bitcoin blockchain. In order to use it you need to download and install some new software. It aims to solve the 7 transactions per second issue which, if bitcoin were to become mainstream, would never
ince about the year 2000 there’s been an array of buzzwords and catchphrases used in the technology industry in order to raise money from people for the purpose of investing into their startup. “The Cloud”, “Disrupt” (as long as it doesn’t affect the Old Guard), “Web 2.0”, and most recently,
hy would someone want to have bitcoin in their possession? What is bitcoin used for? Bitcoin has a lot of use cases and solves a lot of problems, even though some people don’t think so. For that individual, and most likely you, being in a first-world country makes you not
henever there’s an exchange that’s lost bitcoin or some other cryptocurrency the media always has a sensational headline that reads something like “Bitcoin Hacked”. The truth is of course that Bitcoin itself as the protocol has never been hacked, only exchanges with poor website best practices, weak API security, and/or
he history of money, at least from an ancient times and United States perspective, is an interesting one. This article is just going to be a collection of videos and articles that dispel myths about what the US dollar represents. Other authors have described this very well and I’m not
ow does bitcoin work? This article will talk about that very simply and not go into great detail so as to not confuse anyone that may be 100% new. There are a couple of players in the Bitcoin ecosystem that allow individuals to send bitcoin to one another, and they
here will only ever be 21 million bitcoins in existence. That is the max bitcoin supply. There’s a ton of coins already “lost”, which means the person that had the coins have lost the private key and therefore can no longer send the coins to anyone. They are locked in
n order to receive money in a peer-to-peer transfer some sort of public information needs to be provided to the sending party to know where to send the money to. A bitcoin address can be thought of as a bank account number that corresponds to your bank. Someone can take
here’s a lot of moving parts in the Bitcoin network, and bitcoin nodes are a huge piece of that machine. Anyone and everyone can download and run a node on their home computer. Almost all nodes come with built-in wallets as well, which is nice but is not necessary to
f you’ve ever seen a news piece covering Bitcoin what you’re most likely seeing is just one side of it, and that’s bitcoin mining. You’re usually shown pictures of massive warehouses showing hundreds of pieces of equipment that is very loud and has cables running everywhere, or a very simplistic