Posts tagged 'bitcoin'

What is Bitcoin? Bitcoin is a type of digital currency that you can use to buy things online, or you can trade it for regular money. It’s different from regular money because it’s not controlled by a government or a bank. Instead, it’s run by a network of computers all over the world that work together to make sure everything is fair and accurate. When someone wants to send some bitcoin to someone else, they broadcast a message to the network with the details of the transaction, like how much bitcoin is being sent and who it’s being sent to. The computers in the network then work together to make sure that the person sending the bitcoin actually has it and that it’s not being spent twice.

If you like to open a Bitcoin Lightning channel with us you can find our Lightning Node on AMBOSS. Checkout our Bitcoin Lightning page

you can also check us out at our Lightning Network Page

If you are looking into bitcoin there is a lot to learn just starting out. The first thing you need to understand is you need a wallet to hold your bitcoin. If you signed up at coinbase then you don't have to worry unless you want to take custody of your bitcoin. At coinbase you can purchase, hold, transfer and trade bitcoin and other cryptos.  If you are looking to just have your own bitcoin wallet to send and receive bitcoin then there are many good wallets available. Below are just a few that we have used and are good wallets.

We have increased our customers privacy by implementing payjoin when using bitcoin. If your wallet is payjoin enabled you can now send bitcoin even more securely. 

Payjoin is a generic term for any privacy mechanism where merchants can protect their own and the privacy of their customers by mixing merchant's UTXOs with customer's payment.

This has two purposes: It protects the sender by fighting against one of the biggest heuristic used by privacy invading technology: No longer can it be assumed that all the inputs in a transaction belongs to the same entity It allows the receiver to consolidate UTXOs and batch his own payments to economize on-chain fee.