The scaling of Bitcoin and other cryptocurrencies has always been a hotly debated issue in the community. The Lightning Network has been introduced as a possible solution to this pressing problem. It has the ability to allow Bitcoin transactions to be processed much faster while minimizing the cost. Some believe that this type of protocol […]
One of the core aspects of the Bitcoin blockchain is the use of individuals on the network to confirm transactions. It is somewhat surprising that detailed information on this subject is in short supply when compared to other topics that involve Bitcoin. Cryptoswede has created this guide which explains how Bitcoin mining works by confirming […]
If you are familiar with the blockchain of Bitcoin then you know that nodes are an important part verifying Bitcoin transactions. But how does this happen exactly? In order to understand how nodes work to help maintain the blockchain, we first need to understand exactly what a node is. What is a Bitcoin Node? Bitcoin […]
There has been a buzz in the cryptocurrency community about a new protocol upgrade that has the potential to help resolve scalability issues with Bitcoin. The protocol is called SegWit. Those who support the protocol point to its ability to eliminate transaction malleability and increase block sizes as valuable improvements on the Bitcoin blockchain. Here’s […]
A Merkle Tree is a foundation on which blockchain technology is based on. It is a technical concept and can be a little difficult to understand. Crytposwede has prepared this beginner’s introduction to the Merkle Tree and the role it plays in the processing of blockchain transactions. While no means comprehensive, this introduction is meant […]
There is no reason for you to be intimidated by Bitcoin. It is easy to obtain and easy to use. Cryptoswede is going to teach you how to make a paper Bitcoin wallet in just a few easy steps. Once you have your wallet made you are ready to send and receive Bitcoin. Paper Bitcoin […]