Bitcoin Archive - Blockchain Academy

Calculation of Bitcoin Transaction Fees Explained

In this article, we will explain what bitcoin transaction fees are and how they are calculated. Bitcoin transaction fees are paid whenever the owner of bitcoins wants to make a transaction. They are an incentive for the miner to include the transaction in the next mined block on the blockchain. Read more…

By Martin Schuster, 2 years8. February 2023 ago

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What is BIP39? And Why Should You Care?

The Bitcoin Improvement Proposal 39 (BIP39) introduced so-called mnemonic code or phrases. A mnemonic code describes a group of easy-to-remember words that are used for the generation of deterministic wallets. With these words, it is possible to regenerate private and public keys of a Bitcoin wallet. For the user, it Read more…

By Martin Schuster, 2 years19. January 2023 ago