All about the Bitcoin protocol.
26 Apr 2022 4 minute read 0 comments 0xVince
The Segwit (Segregated Witness) protocol was proposed in BIP141 as a UASF(User Activated Soft Fork) for Bitcoin (BTC). The purpose of Segwit was to enable a way to address what is called the transaction malleability problem and to implement an update...
22 Mar 2022 5 minute read 1 comment 0xVince
Bitcoin (BTC) has critics that would argue it cannot be used as a currency. The usual points made are that it has no tangible asset, no intrinsic value and no practical use case. It was originally intended for direct peer-to-peer payment (P2P) system...
7 Mar 2022 5 minute read 0 comments 0xVince
Multisig (Multi-Signature) is a software feature that adds more security to Bitcoin wallets. By standard design, only 1 private key per wallet can authorize the release of Bitcoins (or a Bitcoin). This means a private key can only be used by one acco...
22 Feb 2022 2 minute read 0 comments 0xVince
For Bitcoin it is essential to keep data secure and immutable on the blockchain so that it cannot be tampered with. The software uses encryption and hashing techniques to protect Bitcoin user accounts with the use of public key cryptography. This is...
