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The Biturai crypto encyclopedia: AI-assisted, data-informed, and continuously quality-audited.
Bitcoin Stock-to-Flow Model: Limitations and Real-World Price Discrepancies
The Bitcoin Stock-to-Flow model estimates Bitcoin's price based on scarcity, comparing existing supply to new issuance.
Bitcoin Stock-to-Flow Ratio: Step-by-Step Calculation
The Stock-to-Flow (S2F) ratio quantifies the scarcity of an asset by comparing its total existing supply to its annual production rate. For Bitcoin, this involves relating the current circulating supply to the newly mined coins over a year.
Bitcoin Stamps (SRC-20) and Ordinals Compared
Bitcoin Stamps and Ordinals represent distinct methods for embedding data onto the Bitcoin blockchain, each with unique technical underpinnings and implications.
Cursed Inscriptions: Understanding Negative Ordinal Numbers
Cursed Inscriptions are unique digital artifacts on the Bitcoin blockchain, characterized by negative numbering due to initial indexing oversights.
Bitcoin Ordinals and Block Space Competition with Payments
A new protocol called Ordinals allows for the inscription of arbitrary data onto individual satoshis on the Bitcoin blockchain.
Recursive Inscriptions on Bitcoin Explained
Recursive Inscriptions allow new Bitcoin Ordinals to reference data from existing ones, overcoming individual size limits and enabling more complex digital assets.
Runestone: How the Runes Protocol Utilizes OP_RETURN
The Runes protocol introduces a new standard for fungible tokens on the Bitcoin blockchain, leveraging the OP RETURN function for efficient data storage.
BRC-20 Token Standard: Mint, Deploy, and Transfer
BRC-20 tokens are an experimental fungible token standard on the Bitcoin blockchain, leveraging Ordinals inscriptions. They enable the creation, minting, and transfer of tokens by inscribing JSON data onto satoshis.
Ordinals Rare Sats: Understanding Uncommon, Rare, Epic, and Legendary Categories
Rare Sats are specific units of Bitcoin's smallest denomination, the satoshi, identified by the Ordinal Protocol as possessing unique characteristics and inherent scarcity.
Bitcoin Inscriptions: Embedding Data On-Chain
Bitcoin Inscriptions enable the permanent storage of arbitrary data directly onto the Bitcoin blockchain. This process attaches digital artifacts to individual Satoshis, creating unique on-chain assets.
Bitcoin Ordinals: Theory and Satoshi Numbering
Bitcoin Ordinals introduce a system for uniquely identifying and numbering individual satoshis, the smallest units of Bitcoin.
Wumbo Channels in the Lightning Network
Wumbo channels represent a significant upgrade within the Lightning Network, enabling payment channels to hold substantially more Bitcoin than their historical limits.
Understanding Lightning Network Routing Fees
The Lightning Network is a Layer 2 solution for Bitcoin, enabling faster and cheaper transactions off-chain. Routing fees are small payments to nodes that forward these transactions, incentivizing network operation and liquidity provision.
Lightning Channel Closure: Force Close vs. Cooperative Close
Understanding how Lightning Network channels are closed is fundamental to using Bitcoin's Layer 2 solution. This article explores the two primary methods: the efficient cooperative close and the secure but more complex force close.
Lightning Lapps and the Bitcoin Micropayment Market
The Lightning Network is a second layer on the Bitcoin blockchain designed to enable fast and low-cost micropayments. It enhances Bitcoin's scalability and opens new application areas for digital currencies.
Lightning Invoices and the BOLT11 Format Explained
Lightning invoices are standardized payment requests on the Lightning Network, enabling instant and low-cost Bitcoin transactions.
Lightning Splicing: Adjusting Channels Without Closing
Lightning Splicing enables users to modify the capacity of existing Lightning Network channels without requiring them to be closed and reopened.
Lightning Channel Liquidity: Inbound and Outbound
Lightning Network liquidity refers to the capacity to send or receive Bitcoin through payment channels.
Lightning Submarine Swaps: Bridging On-Chain and Off-Chain Bitcoin
Lightning Submarine Swaps enable the trustless exchange of Bitcoin between the main blockchain and the Lightning Network. This mechanism allows users to move funds between these layers without relying on a centralized intermediary.
Lightning Watchtowers: Protecting Against Channel Fraud
Lightning Watchtowers are specialized nodes that monitor the blockchain for fraudulent activity within Lightning Network payment channels.