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HODL Invoices vs BOLT11 Invoices; A Comparison

HODL Invoices vs BOLT11 Invoices; A Comparison

Written by Oghenovo Usiwoma Lightning is a second layer for Bitcoin that uses micropayment channels to scale the blockchain’s capability to conduct transactions more efficiently. This layer consists of multiple nodes that can open and close payment channels with each other, without having to broadcast every transaction to the

Types of Backups In The Lightning Network.

Types of Backups In The Lightning Network.

Written by Ibironke Marvellous The Lightning Network is a second-layer payment protocol built on the Bitcoin network. It is designed to improve the scalability of the Bitcoin network and provide near-instant, low-cost transactions. In contrast, the Bitcoin network is a first-layer payment protocol that supports secure, decentralized transactions. The Lightning

Transaction Malleability In Bitcoin: What Is It and Why It Matters.

Transaction Malleability In Bitcoin: What Is It and Why It Matters.

Written by Nasser Saazi One of the most fundamental properties of Bitcoin as a medium of exchange is that transactions, once made, remain valid and cannot be double spent. When Alice pays Bob, she wants the assurance that the payment made can never be invalidated. This is critical to the

Why a Bitcoin Address Is Not Like An Account Number.

Why a Bitcoin Address Is Not Like An Account Number.

Written by Abubakar Sadiq Ismail Bitcoin address is a set of alphanumeric characters which can also be encoded in a QR code format, bitcoin addresses have uniform prefixes 1, 3, bc1 etc., and each prefix type has a meaning. Bitcoin addresses are used to receive bitcoin payments from other bitcoin

Bitcoin and Lightning Network Fees: Understanding the Different Types and Calculations.

Bitcoin and Lightning Network Fees: Understanding the Different Types and Calculations.

Written by Amadi Justice Chinonso Bitcoin transaction fees are crucial for incentivizing miners and maintaining the network's integrity. As the network grows, fees have become a significant concern. The Lightning Network is a second-layer payment protocol that allows for faster and cheaper transactions. This article explores Bitcoin and Lightning Network

A Beginners Guide To Submarine Swaps

A Beginners Guide To Submarine Swaps

Written by Solomon Eze Overview As bitcoin continues to grow, layers or protocols built upon it continually look for better ways to improve the scale, adoption, and utility of bitcoin. A major problem between these layers is transaction barriers because it’s not a straightforward step to simply send bitcoin

Build a Bitcoin wallet API Using Nodejs

Build a Bitcoin wallet API Using Nodejs

Written By Anthony Ugwu A bitcoin wallet is a digital software application that allows users to securely store, send, and receive Bitcoin. It does not actually store Bitcoin, but instead, it stores the private keys necessary to access and manage the user's Bitcoin balance. A wallet can be custodial(Does