Bitcoin - Cwallet Blog (Page 2)

What Does the Bitcoin Hashrate Say About the Crypto Market?

a higher hash rate means that more computing power is being dedicated to processing transactions and securing the network. This indicates that the market is growing and that more people are investing in Bitcoin and other cryptocurrencies

Bitcoin

USD Index vs. BTC: Is a weak Dollar Good News For Bitcoin?

cryptocurrencies are not affected much as they do not rely much on consumer purchasing power to enjoy increased valuation; instead, they rely on consumer sentiment (which comes from fear and greed).

Bitcoin

WHAT IS THE BITCOIN SATOSHI VISION (BSV)?

Bitcoin Satoshi Vision (BSV) or Bitcoin SV aims to increase the transaction speed and reduce its charge using the propagation of large blocks, some degree of centralization, and node operators to optimize this functionality

Altcoins

What Is An Altcoin Season?

Typically, at the beginning of a bull run, investors increase their Bitcoin holdings to take advantage of the season and make profits; however, as the season lasts longer, investors will begin to consider new altcoins

Satoshi Nakamoto

Who Is Satoshi Nakamoto? Exploring Bitcoin's Backstory

there has been a curious quest to discover who Satoshi Nakamoto is, and this has followed through with so many controversies; some believe Nakamoto is a group of people, a woman disguised as a man or even a wanted criminal. In the quest to unravel the mystery behind the pseudonym

Bitcoin

What Does Bitcoin Dominance Tell You About The Crypto Market?

If the BTC dominance index and Bitcoin's price are in an uptrend, buy bitcoin. If the BTC dominance index is in an uptrend, but Bitcoin's price is in a downtrend, sell altcoins. If the BTC dominance index is in a downtrend, but Bitcoin's price is in an uptrend, buy altcoins.

Blockchain

What Does It Mean For A Blockchain Network To Be Censorship-Resistant?

Censorship resistance refers to the ability of any random crypto user to make irreversible and trustless transactions without requiring permission from any third party. Blockchain transactions only require nodes to secure the network by confirming transactions

Bitcoin

Bitcoin ATMs: How They Work and How To Use Them

The BTM will initially prompt you to input the amount of money you wish to swap for Bitcoin. Next, you enter your cash deposit into the machine's appropriate container, the machine will then calculate its value in Bitcoin, and you'll receive it at the address you have provided to the Bitcoin ATM.

Crypto Payments

Best Cryptocurrency Payment Gateways For Your E-commerce Website

Here are some service providers you should consider if you want to stay in touch with technology by launching a crypto payment gateway on your E-commerce website. BitPay Coinbase Commerce Blockonomics CoinPayments NOWPayments OpenNode GoURL

Bitcoin

Is The Bitcoin Stock To Flow Model Reliable?

The Bitcoin Stock-to-Flow model was created in 2019 by a Twitter user known as “PlanB,” who developed a model for forecasting Bitcoin’s future returns in relation to Bitcoin halving events

Bitcoin

Bitcoin Covenants: What Are They and How Do They Work?

Bitcoin covenants are ideas that limit how and where a bought coin may be used and transferred. For example, using a covenant, one may whitelist or blacklist specific addresses, limiting where BTC might be spent even for the person who possesses the key to those Bitcoins.

Bitcoin

Can Bitcoin Effectively Function As A Legal Tender?

Bitcoin is a decentralized currency, not subject to the politics or economics of any country; also, it is impossible to print (or, in this case, mine) more than 21 million Bitcoin; hence, the supply is deflationary

Bitcoin

What is Bitcoin Dominance?

Bitcoin dominance is the ratio of bitcoin's market capitalization to the total market capitalization. Bitcoin dominance is the percentage of the total cryptocurrency market capitalization that bitcoin possesses.

Bitcoin

Global Recession: What is the fate of the crypto market?

- A global recession looms - The crypto market isn’t immune to dips during financial crises - The crypto market will always bounce back, but some coins will be dead forever - DYOR; ensure you are investing in a token with actual utility.

UTXO

UNSPENT TRANSACTION OUTPUT (UTXO) EXPLAINED

An unspent transaction output (UTXO) is the leftover cryptocurrency in a wallet, following a transaction. So, for example, if you have 10 BTC as your Bitcoin balance, it isn’t just a single unit of 10 BTC but accumulated UTXOs of several leftover balances.

Blockchain

WHAT ARE MINING POOLS?

A mining pool involves the collaboration of hundreds or thousands of interdependent miners running the same mining software (client). Since they have cumulatively invested their resources towards mining, they will stand a better chance of earning mining rewards.

Bitcoin

HISTORY OF BITCOIN FORKS

A Bitcoin fork is a new version of bitcoin's open-source software, with an upgrade to its underlying technology... a Bitcoin fork happens when two sets of miners cannot reach a consensus on the blockchain update to follow; hence, the blockchain splits into two versions.

Lightning Network

TIPS TO INVESTING IN LIGHTNING NETWORK

...to invest in the lightning network, you must become involved in the network participation of an LN-compatible blockchain by creating a lightning node. A lightning node is a computing unit that interacts with the main blockchain network.

Bitcoin

What is Bitcoin Halving?

A block halving is a process that reduces the creation of new bitcoin units. It refers explicitly to the regular halving events and reduces the block rewards granted to miners. Miners lose 50% of their transaction processing incentives with each halving.

Crypto News

Emirates Airlines to Adopt Bitcoin as Payment Option and Launch NFT Collectibles

In a statement released earlier this week, Emirates, the largest airline in the United Arab Emirates (UAE), has announced that it will accept Bitcoin (BTC) payments and distribute nonfungible tokens (NFTs) for trading on its websites.

Bitcoin

WHAT IS THE LIGHTNING NETWORK?

By enabling fast transactions, the Lightning network significantly reduces the fees required by miners to validate transactions. It sets up smart contracts to create an off-chain payment gateway to allow instantaneous transactions.