Things Worth Noting
Millions of Bitcoin are permanently lost due to forgotten passwords, misplaced private keys, damaged hardware, or abandoned wallets, highlighting the unforgiving nature of blockchain security. Famous cases include James Howells, who discarded a hard drive with 8,000 BTC, and Stefan Thomas, locked out of a wallet holding over 7,000 BTC due to a lost password. […]
Bitcoin, the first cryptocurrency, runs on a decentralized blockchain, enabling peer-to-peer transactions without intermediaries. Introduced by Satoshi Nakamoto in 2008, it uses Proof-of-Work mining to secure its ledger, with a 21-million-coin cap driving its value as digital gold. Wallets store private and public keys, while SegWit, Taproot, and the Lightning Network boost scalability and privacy. […]