“Sats,” which is shorthand for “satoshis” is a term used for the smallest possible denomination of BTC: 0.00000001 BTC, or 1 one-hundred-millionth of a bitcoin. The unit is named...
The Lightning Network is a network of payment channels. A payment channel is perhaps best understood as a complex type of multisignature address for which two users hold a...
Since it was introduced in a conceptual white paper, the Lightning Network’s focus has been on scaling Bitcoin as a tool for rapid payments and transactions. Despite its many...
People who run Lightning Network nodes can charge fees to process transactions through their Lightning channels, thus earning small amounts of BTC. For instance, depending on network activity, a...
Bitcoin was created by Satoshi Nakamoto, (almost certainly) a pseudonym, that no one has been able to conclusively connect to an actual person or group of people to this...
Know Your Customer (KYC) guidelines are requirements that compel financial services providers to make an effort to identify their customers. Fulfilling KYC requirements often includes gathering personal information about...
Bitcoin, the world’s first decentralized digital currency, is attracting attention across the globe. When acknowledging that it is also the first borderless, apolitical form of money in history, it’s...
Bitcoin is not entirely anonymous. In reality, it is pseudonymous because each user has a public address that theoretically could be traced back to an IP address or exchange...
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