See Also
Opinion: Decentralized blockchains can only survive having a valuable token, like Bitcoin, attached to them [Feb 2018]
We’ve heard this time and again, especially from folks in the financial sector: “blockchain is here to stay, Bitcoin not so much”. Is this really so? We disagree, and in this article we discuss the origins of Bitcoin and how the problem it solved only makes sense when there’s a reward for participants to join […]
Why is Bitcoin a deflationary currency? What does this mean in practice?
To understand deflation we must first define its opposite: monetary inflation. We hear a lot about inflation on the news, but what exactly does it mean? As the term itself suggests, inflation is an increase in the supply of some value or product. In the case of currencies in general, we have monetary inflation, which […]
ELI5 Multisignature Systems
What we call a Bitcoin is simply an unspent, signed transaction on the blockchain. (Technically called a UTXO, for Unspent Transaction (TX) Output.) When you say you own such many Bitcoins, it means one or more transactions were signed, using private keys, directing a certain number of Bitcoins to your address. How this signature process […]
Should I worry about the Bitcoin halving?
As you probably know, when mining Bitcoin, every block contains a reward reserved for whoever solves it. The very first blocks, mined by Satoshi Nakamoto himself, paid a 50 BTC reward. Today, blocks pay 1/4 of that, or 12.5 BTC. In May 2020, that reward will halve once more to 6.25 BTC per block. Why […]