In this blog post we will explain the fundamentals of what bitcoin the currency is, what it is not, and why you need it. What is bitcoin? Bitcoin is a secure and safe way for you to send money to anyone anywhere in the world for the cost of a few pennies, instantly. All you need to use bitcoin is a wallet for your phone, your laptop, or tablet and you can immediately start sending and receiving payments from anywhere world-wide, without waiting, without forms to fill, without fees to receive money, near-zero fees to send money, and no middle man.

In this blog post we will giving a thorough overview of the various bitcoin wallet options for users, as well as key privacy features to look out for when choosing your wallet of choice. Table of Contents FOSS Bitcoin Wallets Android vs iOS Mobile vs Desktop Linux OS Hardware Wallet Air-gapped Hardware Wallet Airgapped Software vs Hardware Wallet DIY Air-gapped Hardware Wallet User Error Backing Up - Seed Storage FOSS Bitcoin Wallets A FOSS (Free and Open Source Software) bitcoin wallet is important for several reasons.

In this blog post we highlight how a user never really ever owns bitcoin. UTXOs Bitcoin UTXOs (Unspent Transaction Outputs) are the basic building blocks of the Bitcoin blockchain. Every time someone sends bitcoin to another person, the transaction is recorded on the blockchain as a UTXO, which represents the specific amount of bitcoin that was transferred. When you receive bitcoin, you receive a UTXO that is associated with a specific Bitcoin address.

In this blog post we will highlight why one should DIY as much as possible when using bitcoin. There are several reasons why people may choose to engage in DIY (Do-It-Yourself) activities when using bitcoin apps: Privacy: Some people prefer to take a DIY approach to using bitcoin to maintain their privacy. By setting up their own bitcoin nodes and wallets, they can reduce their reliance on third-party services and keep their personal information more secure.

In this blog post we will differentiate between archival and pruned nodes, as well as how an SPV wallet compares to them. Archival vs Pruned Nodes Archival and pruned nodes are two types of full nodes in the Bitcoin network. A full node is a type of software that fully validates and stores a complete copy of the bitcoin blockchain, which contains all the transaction records since its inception. The main difference between archival and pruned nodes is the amount of historical data they store.