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A Bitcoin Improvement Proposal (BIP) is a proposal to improve the Bitcoin blockchain. The intent is to add improved procedures or features to the Bitcoin protocol.
In 2011, the first BIP (0001) proposal was made by programmer Amir Taaki, defining what a BIP is and who may implement them.

In this lesson, we will discuss what a BIP is, what important ones there are and how they work.

intermediate

Bitcoin Improvement Proposal

What is a Bitcoin Improvement Proposal?

Bitcoin dominance reflects how much money has been put into Bitcoin relative to all other coins. The formula for this is market capitalization Bitcoin (number of coins x price) divided by the total market cap of all coins combined x 100 as a percentage.
Suppose there is 1000 billion put into Bitcoin and the total market cap is 2000 billion, then Bitcoin dominance is 1000/2000 x 100 = 50%. Then half of all the money put into cryptocurrency is invested in Bitcoin.
This lesson tells you what Bitcoin dominance means and what implications it has.

What is the Bitcoin dominance

What is Bitcoin dominance?

A bear market begins when price declines in stocks or crypto persist for some time and reach at least 20%. A bull market means the opposite.

In this lesson we are going to tell you what a bear and a bull market are and how they work.

Bear and bull market

What is a bear and bull market

Everyone has heard of nodes. They are those things that have to approve new transactions. Or do they do more? There is also often a lot of confusion about names like validator, node and miner. Because it's quite tricky to know what they actually do, we wrote this lesson so you'll know exactly this after this lecture.

What are nodes

What are nodes?

A hard fork and soft fork are two different ways to make changes to a blockchain. A hard fork involves major changes and is not compatible with the older blockchain. A soft fork is a more subtle modification that remains compatible with older software and can be used, for example, to improve security or add new features.

Exactly how this all works we are going to cover in this article.

What is a hard fork and what is a soft fork

Satoshi Nakamoto is the pseudonym of the creator of Bitcoin. This person or group has managed to keep his identity hidden until now. Who is behind Bitcoin?

The name Satoshi Nakamoto is legendary in the world of crypto. We will talk about that in this lesson. Everyone loves a good legend. Perhaps this mythical status will last as long as that of other people from ancient times. Let's dive into this story! Who is Satoshi Nakamoto anyway?

beginner

Who is Satoshi Nakamoto

Who is Satoshi Nakamoto?

Mining a cryptocurrency means getting new coins by providing computing power to a Proof-of-Work blockchain network, solving cryptographic puzzles and validating transactions.

Today's lesson is about cryptocurrency mining. Of course you know what Bitcoin miners do, it has been talked about many times in various media. But how does it actually work and what variants are there?

What is mining

What is mining?

Bitcoin halving is an event that occurs after 210,000 blocks have been mined. The fee for mining a block is then halved. This happens about once every four years.

You may have heard about halving for Bitcoin. However, there are halvings of many coins. Today we are going to explain to you what these actually are.

What is the Bitcoin halving

What is the Bitcoin halving?

The Byzantine generals problem is a solution to erroneous or malicious nodes that pass wrong information. This allows the blockchain to continue running correctly despite the errors.

Today, let's take a brief trip to antiquity. The Byzantine Empire was part of the Roman Empire, after it was split into two parts. Byzantium (later Constantinople and Istanbul) was the capital.

Byzantine generals problem

What is the Byzantine generals problem?

Proof of stake means pinning coins for a reward. Proof of work means getting a reward for solving a cryptographic puzzle.

Everyone has heard about proof of stake and proof of work. What exactly it means, that's what we're going to tell you about today in this lesson. Sit back and let us take you into the world of mining and coins staking.

Proof of stake vs proof of work

Proof of stake versus Proof of work

Hashing is a technique for converting data into a code. This code is called a hash and is usually used in securing important data or mining.

In this lesson, we are going to talk about hashing. It's certainly not easy, but we won't let that deter us. Here we go.

advanced

What is hashing

What is hashing?

SegWhite stands for Segregated Witness which means separated witness. This 2017 update to Bitcoin made Bitcoin more scalable, but it also caused a hard fork of BCH.

In the upcoming lesson, we're going to tell you about SegWit. You must have heard about it once, but what exactly does it mean? You'll know that after reading this article.

What is SegWit

What is SegWit?

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Anycoin Direct is a European cryptocurrency broker that allows you to buy and sell Bitcoin and other cryptocurrencies. Our platform is known for its user-friendly interface, secure transactions, and competitive prices. We have been active in the cryptocurrency market since 2013 and have helped over 500.000 customers with their transactions. We are a registered company in The Netherlands and have a dedicated team that is ready to assist you with your cryptocurrency transactions.