Hot wallet

As Ledger faces public backlash, let's take this opportunity to remind ourselves what a seed is, the concept of cold/hot wallets, and how BTC transactions work.

If you’ve been informing yourself about Bitcoin mining, you’ve certainly heard of Bitcoin Core. The open source software was first released in 2009 by Satoshi Nakamoto, the creator of BTC, under the name ‘Bitcoin Qt’. According to data collected in 2016, almost 90% of miners used the Bitcoin Core client…