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DALL·E-2024-01-31-13.41.21-A-diverse-group-of-people-in-a-modern-well-lit-meeting-room-gathered-around-a-large-table.-They-are-actively-engaged-in-planning-activities-for-a-cr.png

Q2 2024 Community Update

It’s been a busy old time here at Coinscrum the past quarter. We ran 4 lectures over 8 weeks at UCL. We’ve been recording podcasts, teaching people how to setup Bitcoin Core and Ordinal nodes. Now we’re deep into Q2 2024 and thought it’s time…

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DALL·E-2024-01-31-13.41.21-A-diverse-group-of-people-in-a-modern-well-lit-meeting-room-gathered-around-a-large-table.-They-are-actively-engaged-in-planning-activities-for-a-cr.png

What is Bitcoin Layer 2?

Bitcoin Layer 2 refers to a set of technologies that are built on top of the Bitcoin blockchain to improve its scalability, performance, and privacy. Layer 2 solutions do not modify the underlying Bitcoin protocol, but rather they use clever techniques to offload some of…

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Blockchain Technology: Far More Than Just Bitcoin

Blockchain’s Wider Impact Blockchain technology has become synonymous with Bitcoin in recent years, but it actually has far broader applications beyond cryptocurrency. While Bitcoin introduced blockchain as a way to record financial transactions without a central authority, blockchains can be used to track, verify and…

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Pros and Cons of Bitcoin Mining

Bitcoin Mining Pros and Cons Simply Outlined Bitcoin mining is the process of verifying and adding bitcoin transactions to the public ledger known as the blockchain. Miners use specialized computers to solve complex math problems and verify transactions. In exchange, they receive bitcoin as a…

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The Advantages and Risks of Bitcoin – An Overview of the Pros and Cons

Bitcoin has been one of the hottest topics in finance and technology over the past few years. As the first and most well-known cryptocurrency, Bitcoin offers some intriguing advantages but also comes with considerable risks. This article provides a balanced look at the main pros…

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How Does Bitcoin Work? – Bitcoin’s Simple Mechanics Explained

How Does Bitcoin Work? Bitcoin is a decentralized digital currency that was created in 2009. Unlike traditional currencies like the U.S. dollar that are controlled by central banks, Bitcoin has no central authority and operates on a peer-to-peer network. But how exactly does it work?…

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What is RGB on Bitcoin? A Guide for Beginners

Introduction: Bitcoin is the world’s oldest and largest cryptocurrency, but it has traditionally been limited in terms of its functionality. RGB is a protocol that aims to expand the capabilities of Bitcoin by enabling the creation and management of programmable assets on the blockchain. This…

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How Blockchain Supports Bitcoin

Introduction Bitcoin has exploded in popularity over the last decade, becoming the first widely adopted cryptocurrency. But what exactly enables Bitcoin to function as a decentralized digital currency? The answer lies in the blockchain technology that underpins Bitcoin. In this explainer article, we’ll look at…

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Introduction to Blockchain Technology

What is Blockchain Technology? Blockchain technology is a decentralized digital ledger that records transactions in a verifiable and permanent way. Blockchain allows digital information to be distributed across a network, making it difficult to be hacked or altered. It was originally developed as the underlying…

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DALL·E-2024-01-31-13.41.21-A-diverse-group-of-people-in-a-modern-well-lit-meeting-room-gathered-around-a-large-table.-They-are-actively-engaged-in-planning-activities-for-a-cr.png

Q1 Community Update

Hello again scrummers! After a roaring start to the new year from the sudden moves upwards for Bitcoin to the ETF announcements, we’re coming to the close of the first month in 2024. With 2023 behind us and a bullish outlook for Q1 2024, we…

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Exploring the Top Bitcoin Layers & Projects of 2024: A Comprehensive Guide

The Top Bitcoin Layers and Projects of 2024: Revolutionising Digital Currency In 2023, the Bitcoin ecosystem has witnessed remarkable innovations, with various layers and projects enhancing its functionality and usability. This guide highlights the top Bitcoin layers and groundbreaking projects like Stacks, Ordinals, and RGB,…

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What is Ordinals on Bitcoin?

Why Ordinals is a protocol that allows individual satoshis (SATs) in a Bitcoin blockchain to be assigned a unique identifier and transacted with extra data attached. This effectively allows non-fungible tokens (NFTs) to be created directly on the Bitcoin blockchain. What An Ordinal is a…

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