Bitcoin Batching Explained

Bitcoin batching is used by exchanges and other large Bitcoin transaction senders to reduce transaction fees by combining multiple small transactions into one larger transaction. This is done by creating a "batch" of inputs from multiple small transactions and then sending them all at once in a larger transaction. Bitcoin batching can significantly reduce the overall cost of sending multiple small transactions, as the transaction fee is based on the number of inputs and outputs rather than the total amount…

Can Bitcoin Ever Go Beyond the 21 Million Capped Supply?

The maximum supply of Bitcoin is programmed to be 21 million. This limit is built into the Bitcoin protocol and cannot be changed without a hard fork, requiring the consensus of the entire Bitcoin network. Therefore, it is likely that the maximum supply of Bitcoin will never be increased beyond 21 million, even if a hard fork is proposed. Can Mining Pools Decide on the Bitcoin Supply? Mining pools can't be used to increase the supply of Bitcoin beyond the…

Bitcoin as a Treasury Asset

Adding Bitcoin as a Treasury Asset means that an organization chooses to hold a portion of its reserves in the form of the cryptocurrency, Bitcoin. This is done by purchasing Bitcoin on a cryptocurrency exchange and then holding it in a digital wallet. Regulations and laws regarding the usage of Bitcoin may vary by country, and the company's legal counsel must also approve it before adding Bitcoin to their treasury. The Future Of Bitcoin as a Treasury Asset It is…

Who is Satoshi Nakamoto?

Satoshi Nakamoto is the pseudonym used by the unknown person or group who created Bitcoin and authored the original Bitcoin white paper in 2008. The true identity of Satoshi Nakamoto has never been revealed, and the individual or group behind the pseudonym has remained anonymous. Why Did Satoshi Nakamoto Invent Bitcoin? The original white paper describing the cryptocurrency states that the primary goal of Bitcoin is to create a decentralized electronic cash system that allows for online payments to be…

What is a Bitcoin Node?

A Bitcoin node is a computer running software that participates in the Bitcoin network by validating transactions and blocks and helping to propagate them across the network. The most important function of a Bitcoin node is to validate transactions and blocks. When a node receives a new transaction, it checks to ensure that the transaction is valid, meaning that the transaction is properly signed and the inputs are unspent. The total amount of the inputs is greater than or equal…

What is Bitcoin Halving?

Bitcoin halving is a built-in feature of the Bitcoin protocol that reduces the number of new bitcoins created and released into circulation. This event happens approximately every four years, and the next halving is scheduled to occur in May 2024. When a block of transactions is added to the Bitcoin blockchain, the miner (or group of miners) who added the block is rewarded with a certain number of new bitcoins. This reward is called the "block reward." In the early…

What is Bitcoin?

Bitcoin is a decentralized digital currency that uses cryptography for security and is not controlled by any government or financial institution. It was invented by an anonymous individual or group known as "Satoshi Nakamoto" and was released as open-source software in 2009. Transactions with Bitcoin are recorded on a public ledger called the blockchain, which allows for transparency and prevents fraud. Users can send and receive Bitcoins through a peer-to-peer network, and the value of Bitcoins is determined by supply…