How RBF and CPFP actually work By mordom You send a transaction. The wallet says “sent.”Then you wait.After an hour it’s still unconfirmed. After a few hours you start to worry.The exchange doesn’t credit, the payment doesn’t arrive, the recipient messages you.At that point, it feels like there’s nothing you can do. In reality, you…
By mordom Open your wallet and you see a number.0.42 BTC.1.8 BTC.0.003 BTC. It looks like a bank account. A single balance that belongs to you.But that number does not exist on the blockchain. Bitcoin does not track accounts or balances per address. There is no global registry that says “this address owns X”. What…
By mordom Anyone who owns Bitcoin is familiar with the 12 or 24 words.We call them a “seed phrase”.But they are not the seed. And this is where one of the most common misunderstandings begins: many people confuse the mnemonic (BIP39) with the actual cryptographic seed. The words are a human-readable representation of the original…
By mordom In the process of creating a Bitcoin wallet, everything depends on a single initial value: entropy. If that entropy is unpredictable, the wallet is secure. If it’s not, no hardware wallet, multisig, or backup can fix it.In Bitcoin, a private key is an integer k such that: 1 ≤ k < n (see…