Bitcoin

What is a Hashed Timelock Contract (HTLC)? – A Beginner’s Guide

There are many aspects about cryptocurrency most people have never heard of, and one of these technological features goes by the name of Hashed Timelock Contracts or HTLCs. This feature can prove to be quite powerful when it comes conducting ...

How to Simply Explain Bitcoin Sidechains – A Guide for Total Beginners

An important sidechains whitepaper (http://www.blockstream.com/sidechains.pdf) was published a few years ago: You’ll know this is a seriously eminent group of authors if you’ve followed Bitcoin for any time. The whitepaper is quite ...

What is Lightning Network and How does it Work?

Network scalability has been a hot topic of discussion in the bitcoin community over the last couple of years, and there are many different solutions in the works from a variety of bitcoin developers and sub-communities. The Bitcoin ...

What is bitcoin fungibility and how is it tied to privacy?

What do you think about the fungibility of a bitcoin? So one Euro is one Euro is one Euro. If you receive a Euro, it doesn't matter where it came from, it doesn't matter if two people before you it was stolen. It doesn't matter if two people ...

The Incredible Math of Bitcoin’s Private Keys

Create a new Earth for every grain of sand on Earth, and there are 26 billion unique Bitcoin addresses for each grain of sand on each of those Earths. It's not easy to slow down hackers and provide equal access to everyone in the world. However, ...

Bitcoin vs Fiat Money

The criteria for "money": durability divisibility transportability and noncounterfeitability. durability This has less to do with it's physical durability as it does on one's trust that the institute it relies on will exist in ...

Story of Bitcoin told by the Headlines

We are in one helluva ride with bitcoin and crypto in general. Just look at what a bumpy road it was in 2017 alone. And next time you find yourself panicking because of a bitcoin price crash, just take a look at all the "crashes" and surges bitcoin ...

Best VPN Services to Buy with Bitcoin

Bitcoin is one of the few payment methods that allows customers to pays for VPNs anonymously. This post lists the best VPNs that you can buy with Bitcoin. Note: All VPNs claim secure connections and no logging of customer data. It’s up to you to ...

5 Simple Steps to Get Your First Bitcoins

OK, so you've learned the basics about bitcoin, the next step is to get some bitcoins and in this guide I will tell you what you need to know. You can purchase bitcoins from either exchanges, but the simplest and fastest way to purchase bitcoins ...

What is Bitcoin?

This simple explanation for your six-year-old may help you if you still can’t figure out what the heck a bitcoin is. What is bitcoin? Bitcoin is a decentralised virtual currency. This means neither does it exist in the physical world, ...