Today marks the 14th anniversary of the mining of the Bitcoin Genesis block by the genius Satoshi Nakamoto. A revolutionary achievement in decentralized technology. Happy Bitcoin Genesis Day! #Bitcoin#GenesisDay#SatoshiNakamoto π§΅
This laid out the foundation for the world's first decentralized digital currency, which has since grown to become a global phenomenon with a market capitalization of over $1 trillion...
But the road to get here was not easy. In the early days, Bitcoin faced significant resistance and skepticism from the traditional financial world. There were (and still are) concerns about its use for illegal activities, as well as its volatile price and lack of regulation.
Despite these challenges, Bitcoin has proven to be a resilient and innovative technology. It has inspired a whole ecosystem of blockchain projects, and has even sparked a global movement towards decentralization and financial sovereignty.
Today, Bitcoin is used by millions of people around the world as a store of value, a means of exchange, and a hedge against inflation. It has also paved the way for the creation of new financial instruments and business models that were previously unimaginable.
So let's take a moment to celebrate Bitcoin Genesis Day and the amazing journey that it has taken us on over the past 14 years. Here's to many more years of innovation and decentralization! Let's go Bitcoiniers ππ
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For all our new friends who are new to using the Lightning network or thinking about getting themselves a Lightning wallet.
So you're right into #Bitcoin, you've probably heard about the Lightning Network. β‘οΈ
Lightning Network is a layer on top of the Bitcoin blockchain that enables fast, cheap, and scalable transactionsβ‘οΈ
It works by creating a network of payment channels that can be used to send and receive Bitcoin without having to wait for blocks to be confirmed on the blockchain
This means that you can use the Lightning Network to make instant payments, with very low fees. In order to use the Lightning Network, you'll need a special type of wallet called a Lightning wallet.