The complexity of crypto taxes is often underestimated by individuals and firms completing their forms for the first time. The Internal Revenue Service (IRS) mandates that every transaction must be reported in U.S. dollars line-by-line along with the purchase price because they are taxed as property.
Traditional payments are systemically complex, slow, and expensive. As a payment system, Bitcoin provides a better way to transfer value. OpenNode provides simple user experiences and elegant bridging between fiat and bitcoin.
Hundreds of Crypto wallets now allow you to buy Bitcoin and other cryptocurrencies today. If you live in the USA or Canada, you might have many options to buy Bitcoin, but this is still not true for many counties in…
Deflationary money would allow every individual to save and gain wealth. The Current System… Is a system that is theft incarnate — designed to keep individuals from gaining purchasing power via saving. When saving money is something we’ve been taught since childhood to be…
After a rough financial shakedown due to COVID-19, Cryptocurrency markets are making a slow and steady recovery. Bitcoin consolidated back over the $7000 level during Thursday’s busy trading day. According to the Bitcoin Block Reward Halving Countdown, The bitcoin halving…
This guide has the purpose to provide crucial information to investors about bitcoin & crypto-assets. As we move away from an era of liquidity to an era of diversity, crypto-assets becoming essential in the portfolio of the modern investor.
Joseph Poon and Thaddeus Dryja came up with an innovative idea in their whitepaper The Bitcoin Lightning Network: Scalable Off-Chain Instant Payments. They proposed a way to make Bitcoin highly scalable from 8 transactions per second(TPS) to about million TPS. Since then, it has caught a lot of attention and development work in going to make lightning networks a reality. In this article, we will discover behind scenes of the lightning network.
In this article, we will be focusing on Bitcoin's Replace By Fee ( also known as RBF). This feature was proposed in BIP125 and implemented in Bitcoin Core 0.12.0. It has seen a lot of controversies and is open to debate. So, let's dive in.
In simple words, BFT lets a decentralized system function normally in an adverse situation when there is a malicious user in the system, or a fraction of the system fails. When the majority of users in a system are ethical personals (i.e., people who follow the rules), they can override the malicious work done by non-ethical individuals. So for a system to function normally, at least 51% of users should adhere to the rules set up in the system. This gives rise to consensus, which is the general acceptance of specific rules and regulations.
How can you build a decentralized future using centralized tools? However, this is what we are doing today in the case of centralized exchanges. Multiple decentralized exchanges (DEX) are trying to solve these problems. In this article, we will talk about Bisq.