CoinPot Faucets Overviewsubmitted by Dantello1 to Coinpot [link] [comments]
Coinpot/Faucet referrals if anyone is new!
Here is a list of the CoinPot faucets:
Feel free to submit your own referral links in the comments below (ref links only allowed in this thread).
Other non-CoinPot HQ Trusted Crypto Faucets and Crypto Earning Sites
List of other trusted crypto faucets/crypto earning sites:
CoinPot Multiplier Tips
A trick I use for the Coinpot multiplier is to have at least 1000 tokens, then run 1-5 multipliers at a time with autoroll. I set the client seed as fixed and type in my own (just type anything, ie "goldfish"). I then set my settings as:
|submitted by PooPoster1 to Cryptoandme [link] [comments]|
Bitcoin faucets are websites or applications that offer you a small amount of bitcoin as a reward for making easy tasks. Depending on the selected faucet, users can earn coins for completing various tasks, such as viewing certain websites, watching ads, entering a captcha, or playing a game.submitted by Stealthex_io to u/Stealthex_io [link] [comments]
At the beginning of the cryptocurrency’s existence, when the stakes were not so high, the creators of faucets gave 5 bitcoins for each claim — back then it was their way to promote digital money among newcomers. Now faucets operate with much smaller amounts and give out some part of the Bitcoin, which is measured in Satoshi(named after the creator of Bitcoin). Satoshi is the smallest possible fractional number of Bitcoin — one BTC is equal to 100 million Satoshi.
If you have ever left a water tap not completely closed, you probably noticed that water was dripping into it, and if you put a bowl under it, sooner or later it will be filled. Even though one-time payments on faucets are scanty, many advise not to neglect the opportunity to earn on them, because, with the right approach, faucets can bring a tangible profit with a minimum of effort.
There are plenty of sites offering free bitcoins. Unfortunately, most of them are not trustworthy, do not live long, or are simply overflowed with annoying flashing ads. However, there are some that work for many years, used by thousands of users and considered reliable.
Here is the list of them:
FreebitcoinThis faucet is probably the most well-known one. It was created in 2013 on the territory of the British Virgin Islands. Payouts are not fixed and vary for each claim. You can get cryptocurrency every hour, and for each claim you get from 0.00000030 to 0.03 BTC. In addition to the faucet, Freebitcoin allows you to earn in other ways — save interest on your deposit, play the lottery, invite new users via referral links.
It supports several withdrawal methods: you can set up automatic withdrawal every Sunday, slow withdrawal every 6–24 hours, or use the fastest instant withdrawal that takes 15 minutes. The last one, of course, has the highest fee.
Moon BitcoinFounded in 2015, the Moon Bitcoin has a certain user base and is considered by many to be one of the best faucets in existence.
There are many appealing bonus offers. For example, the site gives you a reward for consistency — if you enter a captcha at least once every day, you will accumulate a bonus +1% to earnings daily. Like most other faucets, Moon Bitcoin offers a bonus for bringing new users.
Earned funds are instantly transferred to the linked Coinpot wallet. The minimum withdrawal amount is 10,000 Satoshi if you agree to pay the fee. Or wait until it’s going to be over 50,000 Satoshi on your account and withdrawal money for free. It is worth saying that Coinpot has its own bonus program. For example, for one captcha entry, you get 3 Coinpot tokens that can also be converted to cryptocurrency.
There are also Moon faucets for Litecoin, Dash, Bitcoin Cash and DogeCoin. All payments are concentrated in one Coinpot account.
Bonus BitcoinBonus Bitcoin is one of the oldest services and is considered one of the best bitcoin faucets. You can request a new portion of free coins every 15 minutes, getting an average of 10 Satoshi per claim. You can also gain more coins completing tasks in the offers and surveys section.
Users who regularly stay active for a number of days receive an additional 5% of their daily rewards. The site also gives 50% of all fees of users you invited using referral links.
Bonus Bitcoin accounts are also connected to Coinpot, a micro-earnings wallet that accumulates your payouts. The site also provides the opportunity to earn Litecoin and Dogecoin.
BitfunThis is one more faucet associated with Coinpot wallet. Bitfun started its work in January 2017. In addition to the faucet itself, which allows you to request free Satoshi every 3 minutes, the site has a large number of browser games of various genres. Progress in these games gives you additional earnings. You can also earn coins by completing offers.
As with Bonus Bitcoin, the user receives 50% of the fees of their referrals.
CointiplyThe service was launched in 2018 and has become known as one of the best free bitcoin generators. There are several ways to claim Satoshi. In addition to the faucet, you can also earn bitcoins by watching videos, clicking on ads, and playing browser games.
Here you can make claims once every 12 hours and get a certain number of Coins to your account. Coins are the inner currency of this service, 10000 Coins worth 1$. It converted to Satoshi at the time of withdrawal.
Rewards can be collected at FaucetHub, another web wallet for micropayments, in this case, the withdrawal limit is 35,000 Coins. For amounts over 100,000 Coins, withdrawals can be made directly to your bitcoin wallet. Or you can keep Coins at the site and earn 5% interest.
Users can earn a loyalty bonus, by claiming rewards every day. Bringing another user via referral link gives you 25% of their claims and 10% of their offer earnings.
PentafaucetPentaFaucet is one of the oldest and most stable bitcoin faucets today. The main difference from similar websites is that the site uses double protection: captcha and anti-bot. You can collect from 5 to 25 Satoshi every 5 minutes. A reasonable amount of advertising and a simple interface make working with the faucet comfortable.
The faucet does not allow you to earn money from games, surveys, and other sponsorship services. In addition to the main method, it offers only a referral program, giving 10% from earnings of each new user.
Earned Satoshi are instantly transferred to the FaucetHub wallet. You can withdraw your funds from FaucetHub to your bitcoin wallet once a week on Sundays.
FireFaucetFireFaucet is a multi-currency automatic faucet, perhaps the best of its kind. This resource allows you to earn 9 cryptocurrencies at the same time, as well as instantly withdraw the accumulated funds to the Faucet Hub.
The Auto Claim function allows for collecting currency automatically. You can change the number of currencies to get and the time between collections.
FireFaucet affords many different ways to earn money: in addition to the faucet itself, there are also offers, a referral system that gives 20% from newcomer’s income, and browser mining. FireFaucet also has its own unique level system: getting XP for various actions on the site and raising their level, users receive a reward in Satoshi.
As a pleasant addition, FireFaucet has a nice-looking design and does not use pop-up ads.
DailyFreeBitsThis bitcoin faucet does not require registration. All you need is the public address of your BTC wallet. Users can claim Satoshi every hour, getting from 5 to 1200 each time.
At the moment DailyFreeBits is using the FaucetHub wallet we are already familiar with. The resource offers a referral reward. By inviting new users to the website, you can regularly receive 10% of their earnings.
These are probably the best bitcoin faucets at this point. Do not expect that you will earn loads of money just using faucets, but it is with no doubt an interesting and easy way to get a certain portion of free Satoshi and learn how the cryptocurrency and various wallets work.
Always be careful and study every site that is claimed to be a Bitcoin faucet with some scepticism. Always be critical of your choice and read reviews.
Original article was posted on https://stealthex.io/blog/2020/05/28/best-bitcoin-faucets/
submitted by AzazelONNI to u/AzazelONNI [link] [comments]
Como empezar a ganar dinero por internethoy les traigo una guía de como empezar a ganar dinero por internet mediante el uso de faucets, esta es una pequeña guía para nuevos emprendedores que quieren empezar en el negocio de las criptomonedas y no saben por donde empezar.
Que es una CriptomonedaLas criptomonedas son un tipo de moneda digital, que son aquellas que no existen de forma física pero que sirven como moneda de intercambio, permitiendo transacciones instantáneas a través de internet y sin importar las fronteras.
En el año 2009 apareció la primera criptomoneda completamente descentralizada, el Bitcoin, que fue creado por Satoshi Nakamoto junto con el software que los sustenta (blockchain). A día de hoy no se sabe quién está detrás del nombre del creador. La aparición del bitcoin fue tan innovadora que los términos de Criptomoneda y Bitcoin se funden en uno sólo y es indistinto hablar de una sin la otra.
En nuestros días, han aparecido más criptomonedas basadas en la pionera Bitcoin, que se conocen como altcoin, algunas de ellas son Namecoin (2011), Litecoin (2011) o Peercoin (2012)
Que es un faucetUn faucet es un sistema de recompensa que regala cantidades pequeñas de criptomonedas.
las faucets son páginas web o aplicaciones para móviles. El significado de faucet en español es grifo, por lo que también es usual encontrarlos así en foros o páginas web sobre bitcoin.
Las faucets de bitcoin nacieron con la intención de promocionar las criptomonedas, difundir cómo funciona bitcoin y ponerla al alcance de todos sin necesidad de conocimientos tecnológicos ni de equipos potentes. El primer grifo fue creado por Gavin Andresen en 2010 y se llamaba bitcoin faucet. Inicialmente regalaba 5 bitcoins por visita.
Los grifos bitcoin se financian mediante publicidad y a través de donaciones. Actualmente siguen siendo muy populares y se han convertido en casi en una tradición que se ha extendido a otras criptomonedas, desde Bitcoin Cash a Dogecoin.
Por que empezar con faucetsLas faucets surgieron para intentar dar a conocer las criptomonedas a un mayor público. Por tanto, son una herramienta perfecta si quieres empezar a tener criptomonedas sin realizar ninguna inversión. Son perfectos para aprender para qué sirven las criptomonedas**, cómo funcionan las transacciones y los monederos de las criptomonedas** o incluso saber cómo trabajan los exchanges bitcoin.
Además, indirectamente, puede suponer una fuente de ingresos a largo plazo. Hace 8 años, en 2010, cuando el bitcoin apenas valía un centavo de dolar, se creó el primer faucet que regalaba 5 BTC por visita.
¿Te imaginas obtener hoy en día 5 BTC? Si una persona los hubiera mantenido, tendría más de 30.000 euros o 35.000 dólares americanos en criptomonedas. Si los hubiera vendido en diciembre de 2017, cuando bitcoin alcanzó su precio más alto, habría ganado más de 100.000 dólares.
¿Quién dice que el bitcoin no continuará subiendo? Si confías en las criptomonedas, no tienes excusas para no usar las faucets bitcoin.
Como funcionan los faucetsTodos las faucets de criptomonedas son muy similares y aunque pueden existir variaciones, suelen funcionar de manera muy similar:
En ocasiones tanto el captcha como el botón para reclamar tus criptomonedas están ocultos entre la publicidad. Con un poco de atención se encuentran sin dificultad. Si notas algún problema a la hora de reclamar tus criptomonedas, recargar la página suele solucionarlo, ya que los captcha pueden bloquearse.
Una vez se utiliza un grifo de criptomonedas, es necesario esperar un tiempo para volver a usarlo. Dicha periodicidad depende de la faucet. Existen algunos que puedes reclamar cada 5 minutos y otros en los que es necesario esperar varias horas. Normalmente a mayor espera, mayores serán las ganancias.
Las recompensas de las faucets acumulativas son modestas, pero son el recurso ideal para las personas que quieran iniciarse en el mundo de la criptomonedas. Con un poco de constancia empezarás a ver ganancias.
Algunos faucet de criptomonedas tienen la opción de multiplicar las ganancias participando en algún juego de azar. Por lo general, puedes perder todo lo obtenido, por lo que no siempre es recomendable utilizar estas opciones.
¿Cómo ganar en una faucet bitcoin?Para ganar criptomonedas con un faucet únicamente necesitas un monedero(WALLET). en este caso no orientaremos al uso de Coinpot. Este microwallet está integrado con varias faucet. Cuando reclames tus criptomonedas estas se transferirán automáticamente a tu monedero Coinpot. Más adelante en este artículo hablaremos de dichos faucets.
Faucets para Coinpot 2020Coinpot es un microwallet gratuito para enviar, guardar y recibir criptomonedas. A día de hoy soporta Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Dogecoin (DOGE) y Litecoin (LTC), aunque está en constante crecimiento.
Una de sus principales ventajas es su integración con diferentes grifos de bitcoin, lo que le ha otorgado una gran popularidad. Es decir, cuando utilices una de las faucets bitcoin asociadas, tus ganancias se transferirán de manera automática a tu monedero Coinpot.
Todos los grifos para Coinpot, son faucets sin mínimo de retiro, ya que tu saldo se transferirá a tu cuenta de Coinpot. Además, son seguras y fáciles de usar.
Abrir una cuenta en Coinpot es sencillo y gratuito. Únicamente te solicita un correo electrónico y una contraseña. Es muy importante que el correo electrónico que indiques sea el mismo que utilices en las faucets, ya que es lo utiliza para asociar las cuentas. Puedes registrarte en el siguiente enlace: Coinpot
En los últimos meses han ido integrando nuevas funcionalidades como: Un multiplicador, un sistema de lotería, un sistema de minado de criptomonedas o una criptomoneda propia (Coinpot Token).
A principios de 2019 incorporaron un nuevo sistema de recompensas. Según tu actividad en sus diferentes faucets o en sus funcionalidades, recibirás pagos en Coinpot Tokens. Estos tokens podrás convertirlos más tarde en la criptomoneda que prefieras.
LISTA DE FAUCETS
Una vez ayas creado tu cuenta coinpot ya puedes empezar a usar los siguientes faucets solo necesitas escribir el correo electrónico con el que creaste tu cuenta coinpot sin necesidad de ningún registro y tus ganancias se transferirán directamente a tu cuenta coinpot.
![img](0c3v9f2nkav41 " ")
Una recomendación personal es de mi parte es que uses los 5 faucets solo te llevara unos 10-15minutos reclamar todas las recompensas.
También aconsejo usar un navegador como Brave Browser si quieres ver mayores ganancias, pues este navegador te paga por solo usarlo y si vas a usar estos faucets no esta demás un ingreso extra.
Brave Browser es un navegador muy cómodo y ademas muy seguro a la hora de navegar por internet, Brave Browser paga a sus usuarios por usar su navegador en su propia moneda BAT tokens la cual puede cambiarse por casi cualquier tipo de moneda.
Espero Les aya resultado util esta guía pronto estaré trayéndoles nuevos métodos y tips para triunfar en el mundo de la criptomoneda.
A lot of people on Reddit think of Bitcoin primarily as a competitor to card payment networks. I think this is more than a little odd-- Bitcoin is a digital currency. Visa and the US dollar are not usually considered competitors, Mastercard and gold coins are not usually considered competitors. Bitcoin isn't a front end for something that provides credit, etc.by nullc (Mr. Gregory Maxwell) submitted to the bitcoin subreddit
Never the less, some are mostly interested in Bitcoin for payments (not a new phenomenon)-- and are not so concerned about what are, in my view, Bitcoin's primary distinguishing values-- monetary sovereignty, censorship resistance, trust cost minimization, international accessibility/borderless operation, etc. (Or other areas we need to improve, like personal and commercial privacy) Instead some are very concerned about Bitcoin's competitive properties compared to legacy payment networks. ... And although consumer payments are only one small part of whole global space of money, ... money gains value from network effects, and so I would want all the "payments only" fans to love Bitcoin too, even if I didn't care about payments.
But what does it mean to be seriously competitive in that space? The existing payments solutions have huge deployed infrastructure and merchant adoption-- lets ignore that. What about capacity? Combined the major card networks are now doing something on the other of 5000 transactions per second on a year round average; and likely something on the order of 120,000 transactions per second on peak days.
The decentralized Bitcoin blockchain is globally shared broadcast medium-- probably the most insanely inefficient mode of communication ever devised by man. Yet, considering that, it has some impressive capacity. But relative to highly efficient non-decentralized networks, not so much. The issue is that in the basic Bitcoin system every node takes on the whole load of the system, that is how it achieves its monetary sovereignty, censorship resistance, trust cost minimization, etc. Adding nodes increases costs, but not capacity. Even the most reckless hopeful blocksize growth numbers don't come anywhere close to matching those TPS figures. And even if they did, card processing rates are rapidly increasing, especially as the developing world is brought into them-- a few more years of growth would have their traffic levels vastly beyond the Bitcoin figures again.
No amount of spin, inaccurately comparing a global broadcast consensus system to loading a webpage changes any of this.
So-- Does that mean that Bitcoin can't be a big winner as a payments technology? No. But to reach the kind of capacity required to serve the payments needs of the world we must work more intelligently.
From its very beginning Bitcoin was design to incorporate layers in secure ways through its smart contracting capability (What, do you think that was just put there so people could wax-philosophic about meaningless "DAOs"?). In effect we will use the Bitcoin system as a highly accessible and perfectly trustworthy robotic judge and conduct most of our business outside of the court room-- but transact in such a way that if something goes wrong we have all the evidence and established agreements so we can be confident that the robotic court will make it right. (Geek sidebar: If this seems impossible, go read this old post on transaction cut-through)
This is possible precisely because of the core properties of Bitcoin. A censorable or reversible base system is not very suitable to build powerful upper layer transaction processing on top of... and if the underlying asset isn't sound, there is little point in transacting with it at all.
The science around Bitcoin is new and we don't know exactly where the breaking points are-- I hope we never discover them for sure-- we do know that at the current load levels the decentralization of the system has not improved as the users base has grown (and appear to have reduced substantially: even businesses are largely relying on third party processing for all their transactions; something we didn't expect early on).
There are many ways of layering Bitcoin, with varying levels of security, ease of implementation, capacity, etc. Ranging from the strongest-- bidirectional payment channels (often discussed as the 'lightning' system), which provide nearly equal security and anti-censorship while also adding instantaneous payments and improved privacy-- to the simplest, using centralized payment processors, which I believe are (in spite of my reflexive distaste for all things centralized) a perfectly reasonable thing to do for low value transactions, and can be highly cost efficient. Many of these approaches are competing with each other, and from that we gain a vibrant ecosystem with the strongest features.
Growing by layers is the gold standard for technological innovation. It's how we build our understanding of mathematics and the physical sciences, it's how we build our communications protocols and networks... Not to mention payment networks. Thus far a multi-staged approach has been an integral part of the design of rockets which have, from time to time, brought mankind to the moon.
Bitcoin does many unprecedented things, but this doesn't release it from physical reality or from the existence of engineering trade-offs. It is not acceptable, in the mad dash to fulfill a particular application set, to turn our backs on the fundamentals that make the Bitcoin currency valuable to begin with-- especially not when established forms in engineering already tell us the path to have our cake and eat it too-- harmoniously satisfying all the demands.
Before and beyond the layers, there are other things being done to improve capacity-- e.g. Bitcoin Core's capacity plan from December (see also: the FAQ) proposes some new improvements and inventions to nearly double the system's capacity while offsetting many of the costs and risks, in a fully backwards compatible way. ... but, at least for those who are focused on payments, no amount of simple changes really makes a difference; not in the way layered engineering does.
It has recently come to my attention that there is a great deal of confusion revolving around the Lightning Network within the Bitcoin and Bitcoin Cash communities, and to an extent, the greater cryptocurrency ecosystem. I’d like to share with you my thoughts on Bitcoin, Blockchain, and Lightning from a strictly networking background.
To better understand how blockchain and the lightning network work, we should take a step back from the rage-infused battlegrounds of Twitter and Reddit (no good comes from this 😛) and review the very network protocols and systems that power our Internet. I believe that there is a great wealth of knowledge to be gained in understanding how computer networks and the Internet work that can be applied to Bitcoin’s own scaling constraints. The three protocols I will be primarily focusing on in this article are Ethernet, IP, and TCP. By understanding how these protocols work, I feel that we will all be better equipped to answer the great ‘scaling’ question for Bitcoin and all blockchains alike. With that said, let’s get started.
In computer networking, the two most common forms of data transmission today are broadcast and unicast. There are many other forms such as anycast and multicast, but we won’t touch up on them in this article. Let’s first start by defining and understanding these data transmission forms.
Broadcast — a data transmission type where information is sent from one point on a network to all other points; one-to-all.
Diagram: Broadcast Data Transmission https://cdn-images-1.medium.com/max/800/1*xbgXKepaeHZRqmHWsCb_qw.png
Unicast — a data transmission type where information is sent from one point on a network to another point; one-to-one.
Diagram: Unicast Data Transmission https://cdn-images-1.medium.com/max/800/1*i18TOm6hT_h7UQ8cnt8U_Q.png
Based on our understanding of these types of data transmission forms, we very quickly discover that blockchain transactions resemble Broadcast-like forms of communication. When a transaction is made on the Bitcoin network, the transaction is communicated or broadcasted to all connected nodes on the network. In other words, for a transaction to exist or happen in Bitcoin, all nodes must receive and record this transaction. Transactions on blockchains work very similarly to how legacy, ethernet hubs handled data transmissions.
A long time ago, we relied on ethernet hubs to transfer data between computers. Evidently, we discovered that they simply did not scale due to their limited nature. Old ethernet hubs strictly supported broadcast transmissions, data that would come in through one interface or port would need to be broadcasted and replicated out through all other interfaces or ports on the network. To help you visualize this, if you wanted to send me a 1MB image file over a network with 100 participants, that 1MB image file would, in turn, need to be replicated 99 times and broadcasted out to all other users on the network.
In Bitcoin, we see very similar behavior, data (a transaction or block) that comes from one node is broadcasted and replicated to all other nodes on the network. Blockchains similarly to old, legacy ethernet hubs are simply poor mediums to perform data transmission and communicate over. It is simply unrealistic to me as a network engineer to even consider scaling a global payment network such as Bitcoin via Broadcast-based on-chain transactions. Even to this very day, us network engineers take great care and caution in spanning our Ethernet and LAN networks, let alone on a global level.
To put it into perspective, if we were to redesign the Internet by strictly relying on broadcast data transmissions as exhibited in blockchains and ethernet hubs — we would have effectively put every single person, host, and device in the entire world on the same LAN segment or broadcast domain. The Internet would have been a giant, flat LAN network where all communication would need to be replicated and broadcasted to every single device. In you opening up to read this article, every other device on the Internet would have been forced to download this article. In other words, the internet would come to a screeching halt.
In computer networks, the most frequent form of communication relies on unicast data transmissions, or point-to-point. Most of the communication on the internet is routed from one computer to another, we no longer need to rely on blind broadcast transmissions of data with the hopes that our recipient will receive it or see it. We are able to accurately send, route and deliver our messages to our receiving party(ies). We learned that the transfer of a 1MB image file in a broadcast network would require the file to be replicated and broadcasted to every participant on that network. Instead, in a network that supports unicast data transmissions, we are able to appropriately route that image file from source to destination in a clearcut manner.
To me, the Lightning Network is the IP layer of Bitcoin. (I understand that these data transmission forms exist in both Ethernet and IP.) But, I do feel that these analogies help us to better understand these complex and largely abstract ideas: blockchain, lightning, channels, etc.
Let’s take a moment and ignore all explanations and overly simplistic definitions of Lightning that are perpetuated from both sides of the debate for a moment. Instead, lets objectively take a close look at Lightning and determine what we know. What do we know about lightning? It allows us to lock our Bitcoin and form channels with others. What else do we know? We can bidirectionally send and receive transactions between the two points that constitute the channel. What else do we know? We can further route transactions to their correct destination.
Based on these key understanding points, we are able to see that lightning enables unicast transactions in a system [Bitcoin] that previously only supported broadcast transactions. To me, Lightning nodes in Bitcoin are the equivalent of IP hosts — where we can finally conduct or route one-to-one or point-to-point transactions to their appropriate recipients. In traditional IP, we send and receive data packets; in Lightning, we send and receive Bitcoin. IP is what allowed us to scale our small and largely primitive networks of the past into the global giant that it is today, the Internet. In a similar manner, Lightning is what will allow us to scale our global Bitcoin network.
Where Lightning Nodes can be seen as IP hosts, I view Lightning Channels as established TCP connections. On the Internet today, when we try to connect to a website for example, we open a TCP connection to a web server through which we can then download the website’s HTML source code from. Alternatively, when we download a torrent file, we are opening TCP connections to other computers on the Internet which we then use to facilitate the transfer of the torrent data.
And in Lightning, we establish channels with our respective parties and are able to directly [point-to-point] send and receive data (transactions) similarly to TCP. Where Blockchain is similar to Ethernet, Lightning Nodes are our IPs and Lightning Channels our TCP connections.
To conclude, I see many similarities to our pre-existing network technologies and protocols that power our computer network(s) and I feel that we are redesigning the Internet. From a technical point of view, I don’t believe that scaling Bitcoin on-chain will ever work and fear broadcast storm-like events in the future. I welcome our new unicast transaction methods enabled by the Lightning Network. Even more so, I am excited for the ‘web’ moment in Bitcoin.
While everyone has their eyes fixed on blockchain technology, I look towards Lightning. Lightning is the TCP/IP stack of Bitcoin. Lightning is where we will transact on. Lightning is where everything will be built on. Lightning is what will power and enable our applications and additional protocols and layers. With this said, what is to become of the main Bitcoin blockchain? It will and should remain a decentralized, tamper-proof, immutable base or foundation layer which will provide us with cryptographic evidence of what is a Bitcoin.
Some individuals and groups within our communities and ranks spread fear and warn us of false narratives of “lightning hubs”, but fail to grasp that their scaling approach of on-chain transactions only pushes us in the direction of an actual (ethernet) hub design. If Bitcoin loses decentralization on its base layer, then we will lose Bitcoin. The past 9 years of work will have only resulted in a large, centralized broadcast hub with only a few remaining with the ability to operate such a monstrosity.
I wrote this article with hopes that it will help clear up the ongoing confusion about Bitcoin, Blockchain, and Lightning. It is designed to help better explain Blockchain and Lightning through analogies to concepts that we may be more familiar with. I also wrote this very quickly and it may contain typos. If you notice any typos, please bring it to my attention.
|Crypto (see below)||World||$2.51||$0.46|
|Crypto (see below)||$1.04||$0.26|
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