Bitcoin is special. It is the only cryptocurrency that is distributed the most around the world, but that’s not what makes it special. It is special because Bitcoin uses something called “Proof of Work”. Think about what is valuable. Let us take Gold as an example,...
While this is by no means factual, this is an opinion of how this will play out. At some point in the future, we will break through and quantum computing will become a reality and all existing encryptions will be insufficient and will be able to be broken in an...
Base Layer – The Blockchain On average, every 10 minutes a block will be ‘mined’ and this will be the first confirmation that the transaction was successful and finalized on the blockchain. Sometimes you will get a miner who mines faster or slower than the average 10...
An Unspent Transaction Output or UTXO is how Bitcoin is chopped up in your wallet, much like fiat bills. Imagine that you receive a $100 bill. This is 1 bill. You can see it in your wallet. You can get different kinds of bills with different denominations, 2x$20,...
Bitcoin is a hedge against the devaluation of any fiat currency otherwise known as inflation. Bitcoin is censorship resistant. There is no one that can tell you what you can do with your Bitcoin. Many will say that about Banks, but try and withdraw a large amount of...
