In terms of the privacy on-chain, all wallets are equally private. Where privacy concerns get introduced are where the Bitcoin was obtained and did it require identity verification (aka, Know
No. There is only one Bitcoin, the blockchain based token that has been collectively agreed upon to be money, i.e., a store of value. Other "crypto currencies"
The chance of someone guessing or brute force attacking your seed phrase or private keys is infinitesimally small as to be zero. There is no known example of it happening.
The Eurodollar is a US dollar created outside of the US-controlled banking system. For example, a bank in Europe creating a loan denominated in US dollars. Eurodollars are US Dollars
Yes and no. The bitcoin protocol uses public-key encryption techniques to generate private and public key pairs. The public key is what you give out as your receiving address. The
A unit of account is a common monetary unit used by groups of people that transact. Each country typically has a national currency or has adopted another fiat currency like
(sorry for the language, but there's no way around it) "Shitcoin" is a slang term coming from "Alt Coins" which means "alternative from
More miners is a good thing to spread the responsibility of securing the Bitcoin blockchain across more entities. If there are more competitors then each miner gets less rewards over
"The Cantillon Effect" refers to the idea that changes in the money supply in an economy cause the redistribution of purchasing power among people, disturb the relative prices
Bitcoin is a Hedge against Inflation There are several reasons why Bitcoin is a hedge against inflation in the US Dollar: 1. Finite supply: Bitcoin has a capped supply of
Bitcoin's decentralization and fixed supply provide an alternative to traditional fiat currencies, which are subject to inflation and centralized control. By offering a store of value that is
Introduction The Lightning Network is a payment protocol that allows for fast, low-cost, and secure transactions on top of the Bitcoin blockchain. For a local merchant, using the Lightning Network