BitWell College

The definition of a node may vary according to the context. When it comes to computer or telecommunication networks, nodes may act either as a redistr…

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What is scalability?

Scalability is a measure of a system’s ability to grow to accommodate increasing demand. If you host a website that’s overrun…

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Introduction

When you’re prompted to update your digital banking app on your smartphone, you probably don’t even think twice. Maybe your phone auto…

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There are many options to store coins, each with their own strengths and weaknesses.

Storing your bitcoin on BitWell

A custodial solution refers…

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What is a crypto wallet?

In short, a crypto wallet is a tool that you can use to interact with a blockchain network. There are various crypto walle…

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What is the Bitcoin halving?

A Bitcoin halving (also called a Bitcoin halvening) is simply an event that reduces the block reward. Once a halving o…

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How are new bitcoins created?

Bitcoin has a finite supply, but not all units are in circulation yet. The only way to create new coins is through a…

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What is Bitcoin used for?

People use Bitcoin for a number of reasons. Many appreciate it for its permissionless nature – anyone with an Internet co…

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Bitcoin is a digital form of cash. But unlike the fiat currencies you’re used to, there is no central bank controlling it. Instead, the financial syst…

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Don’t be spooked by the technobabble that people use to describe “blockchain.” A blockchain is just a database. It isn’t a particularly sophisticated…

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