Category: Non-technical

Common Address Encoding Formats

Overview When sending money to someone else using Bitcoin, Bitcoin Cash, Ethereum, or another cryptocurrency, you send funds to the other user’s address. This unique identifier for the other user’s wallet may look like a “random” string of letters and numbers, like this: 13GuDW2Km8TR6iCYP8E5QGhNky2ne7T17r. (Note: this is just a random address; don’t use it!). But

Beginning Bitcoin – Sending Funds From Your Wallet

Overview Getting started with Bitcoin isn’t as intimidating as it would seem. In another tutorial, we discussed how to get started with a mobile wallet, using Bitcoin.com’s app or the Coinomi wallet. We learned how to install the wallet, safely back up our funds using the seed phrase, and get an address for loading up

Beginning Bitcoin – Getting Started with Mobile Wallets

Overview For someone that’s completely new to the concept of digital money, all the information out there can get a tad overwhelming. Fortunately, getting a practical start in using cryptocurrencies is actually fairly trivial with modern mobile wallets! Installing a proper wallet is the first step in a safe and successful journey into the crypto

Full Node Friends – Understanding and Running A Fully Validating Wallet

Overview In previous tutorials, we’ve discussed the basic differences between a full node wallet and an SPV or Simplified Payment Verification wallet. Now let’s take a further look into why full nodes are important to cryptocurrency networks, and how you can get started running one! Why Full Nodes? Full nodes, along with mining nodes form

Understanding Address Balances for UTXO Blockchains

Overview When you open your Bitcoin, Bitcoin Cash, or Litecoin wallet, you’ll see a balance just like you do when you open your bank app. At the end of the day, you just want to know how much currency you own, right? You may be curious, however, how your total balance is calculated in the

What’s in Your Wallet? Understanding Private Key Control

Overview Just like your cash, cards, and ID, your cryptocurrency assets live in something called a “wallet”. Most all forms of digital money implement this concept in some form, and understanding wallets is critical to safely storing and using your favorite digital currency. Much like your physical wallet, your Bitcoin, Monero, or Ethereum wallet gives