Feb 1, 2021Address BitcoinWhat is the Stack? — Hello Fellas! We had a mad idea! We want to talk about all Bitcoin addresses. Often we heard about Pay To Public Key, Pay to Public Key Hash, Pay To Script Hash, and so on. But…But What are they? These are challenging topics, for that reason we are using a…Bitcoin4 min readBitcoin4 min read
Published inCoinmonks·Dec 6, 2020Bitcoin Halving: A Technical Deep DiveToday (11 May 2020) it’s a very important day for Bitcoin. Today we will have the halving! The halving is a recurrent event, every 4 years the reward that the miner gets to resolve the Proof of Work is being cut in half. More precisely: the reward is being cut…Bitcoin3 min readBitcoin3 min read
Nov 22, 2020ScriptSig: A Bitcoin Architecture Deep Dive | Hacker NoonToday Luke Asks: In the previous videos, You spoke about scriptSig. Well, what’s it? Nice question Luke, the scriptSig is an important part of Bitcoin’s transaction. You can imagine a legacy transaction (not SegWit) like the image below: - Version - Inputs number (how many inputs) - Input - Outputs number - Outputs number…Bitcoin3 min readBitcoin3 min read
Aug 3, 2020Can I leave a message on Bitcoin blockchain?Check our amazing youtube Channel: Bitcoin in Action Hey! Today Luca asks: Can I write on a Bitcoin Blockchain? Can I drop down a message? Yes Luca of course you can! You can leave a message on a Bitcoin blockchain using a particular op code, called OP_RETURN. Through this operation…Bitcoin4 min readBitcoin4 min read
Jul 15, 2020What is the Proof of work? How does the miner mine a block?Enjoy the video in Bitcoin in Action. — Hey! We are very proud to announce that we have finally received a request from a woman! Eli asks: What is the Proof of work? How the miner mined a block? The answer is not so easy! First of all, the Proof of Work (We use to call it PoW)…Bitcoin6 min readBitcoin6 min read
Jul 9, 2020Why my Bitcoin address starts with number 1?Hello, today we answer to Marco. He asks: Why my Bitcoin address starts with number 1? I have seen other addresses start with the number 3. What’s difference are there? Nice question Marco. Your address starts with number 1 because it uses the script Pay to Public Key Hash (P2PKH)…Bitcoin4 min readBitcoin4 min read
Published inCoinmonks·Jun 18, 2020What is the algorithm SHA256?Hi! Often we received this kind of question during our Bitcoin course: What is the algorithm SHA256 and where Bitcoin uses it? Bitcoin uses algorithm SHA256 in several scenarios, for instance during an address generation or during the generation of transaction id or during mining (proof of work) SHA stands…Bitcoin3 min readBitcoin3 min read
