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Amber is the easiest way to save in #bitcoin. They make saving in Bitcoin simple for serious Bitcoiners, with smart automations, low fees and fair spreads. Buy more Bitcoin with Amber.
Let's clear up a common misconception: bitcoin wallets don't actually *hold* bitcoin. Surprised? You're not alone. The term "wallet" often misleads newcomers.
Let's dive into what a #bitcoin wallet really is and where your #bitcoin actually resides 🧵1/n
When you think of a wallet, you probably imagine a physical place for storing money. But in the digital realm of bitcoin, this analogy doesn't hold up. All bitcoin exists on the blockchain (or timechain)—a decentralized public ledger, not in a wallet or account 2/n
The blockchain is everywhere and nowhere at once. It's stored on countless nodes worldwide. You can even run a node at home! (and you should) This decentralized setup ensures no single entity controls Bitcoin, maintaining its security and integrity 3/n
Ever heard of Bitcoin dust? Just as dust collects in hidden corners in the physical world, Bitcoin has its own version. Let's demystify Bitcoin dust, understand its origins, and explore how to tackle it in this thread 1/n
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"Bitcoin Dust" refers to a UTXO with a value smaller than the transaction fees required to spend it. If the cost to spend a UTXO exceeds its value, it becomes impractical. Understanding dust is essential to grasp the challenges associated with small UTXOs 2/n
In simple terms, Bitcoin dust is a tiny amount of Bitcoin not worth spending due to high transaction fees. It's like loose change you can't use 3/n
Blockstream Jade is an open-source hardware wallet for the cold storage of bitcoin and bitcoin layer-2 assets on Liquid, such as stablecoins and security tokens.
Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and instant purchases. Serving clients of any size, from $10 to $10M+
Blockstream Jade is an open-source hardware wallet for the cold storage of bitcoin and bitcoin layer-2 assets on Liquid, such as stablecoins and security tokens.
Swan is the best way to build your Bitcoin stack, with automated Bitcoin savings plans and instant purchases. Serving clients of any size, from $10 to $10M+