Bitcoin for Pros

To be short Bitcoin, investors are counting on the price going down, and to be long Bitcoin, they bet on the price going up.

There’s whoops and cheers from all in the crypto community when regulators refer to Bitcoin as a commodity, but what does it mean?

As the name suggests, the Lightning Network is a second-layer blockchain that sits on top of Bitcoin and helps make the transactions on the Bitcoin blockchain faster by processing multiple transactions at once. First proposed in 2015, the Lightning Network…

Cryptocurrency investors argue that Bitcoin is the digital equivalent of investing in gold, in the sense that it is a hedge against inflation and turbulence in the financial markets. In other words, investors have long invested in gold as a…

A Schnorr signature is a type of digital signature used to verify and authorise transactions on the Bitcoin blockchain. Think of a digital signature as an electronic version of a physical signature that is virtually impossible to fake. It was…

Taproot makes it possible to process transactions in batches. This helps to improve Bitcoin’s network speed, privacy, security features, and scalability. 

The process of mining gold can be understood as it is a mineral found deep underground that can only be reached and salvaged using mining equipment. But can the same be said for something that only exists on computers?  While…

Proof-of-work is a consensus mechanism used to confirm transactions on Bitcoin and other networks.

Segregated Witness (SegWit) refers to a process to reduce the requirements for processing Bitcoin transactions by allowing information to be processed more efficiently to speed up the network. Specifically this refers to digital signatures used to verify transactions, which take…

To mine Bitcoin, computers solve cryptographic puzzles to process and validate blocks and their transactions. However, as pointed out by Satoshi Nakamoto in 2008, the capability of computer hardware and processing power becomes more advanced over time. To solve this…

The Bitcoin price is determined by the age-old economic principle of supply and demand. Supply and demand applies to virtually every asset and good – be it gold, property, currencies or cryptocurrencies. Bitcoin is special, though, because its supply is ‘programmed…

A BIP (Bitcoin Improvement Proposal) is the document standard used for proposing changes to Bitcoin.  Proposals are usually first roughly outlined using a mailing list of developers, where feedback and their feasibility are assessed before a decision is made to…