transactions Archives - Coin Guides

What Lock Time means in Bitcoin transaction: LockTime: Block height, Date?

coinguides — Wed, 06 Jan 2021 10:21:25 +0000

Upon constructing a Bitcoin transaction on electrum and core Bitcoin wallet you’ll find this option called Lock Time. On core wallet it gives an option to choose confirmation time target for your transaction. Whereas on electrum you can specify the block time and date. On most transactions you do not need to make use of …

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How to connect Bitcoin core and Electrum wallet to Bitcoin Testnet

coinguides — Tue, 08 Dec 2020 10:31:52 +0000

Beginners who just stepped into Bitcoin may find the whole concept overwhelming. If you are new then to get started you don’t need to deeply understand the technology behind Bitcoin or its technical details. Just get familiar with how a wallet works, how to send, receive coins, how to view transactions on the block explorer and …

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How to get email alerts on Bitcoin transactions – Monitor any BTC address

coinguides — Tue, 07 Jul 2020 07:43:58 +0000

Have you ever wondered about receiving SMS notification or email alerts on Bitcoin transactions? If so then the following guide is for you. First of all why do we need alerts when Bitcoin transactions are publicly viewable on the block explorer? Alerts and notifications are useful in many ways. Say you wanted to closely monitor …

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What is Bitcoin change address? “Change” output and address explained

coinguides — Sat, 25 May 2019 10:44:48 +0000

Have you just made a Bitcoin payment and discovered that part of your Bitcoins are transferred to an unknown address? Do not worry. Your wallet it not compromised or is neither a bug. They are just send to a change address that you own and is one of the key privacy feature of Bitcoin. This …

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Nano wallet beginners guide – How to safely store and use Nano coin

coinguides — Tue, 21 May 2019 10:33:32 +0000

Are you currently fed up using Bitcoin? You are not alone. Well, crypto bull run have started and Bitcoin is over $8000. Its great! But do you know what’s next and what it means. It means Bitcoin network congestion is coming again. As more and more people start to use Bitcoin the transaction volume increases …

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What is Bitcoin address, why is it important & how to get a BTC address?

coinguides — Fri, 17 May 2019 14:45:21 +0000

Note: Bitcoin address and BTC address both refer to the same thing. BTC is just a ticker symbol of Bitcoin. There is also another symbol called XBT which also refers to Bitcoin. Here you can learn about ticker symbol and the difference between XBT and BTC. It’s been more than a decade since Bitcoin was …

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What is Bitcoin Reorg? Is it really possible to reorg Bitcoin blockchain?

coinguides — Thu, 09 May 2019 12:49:27 +0000

Binance, a leading cryptocurrency exchange has recently suffered a large scale security breach which resulted in a loss of 7000 Bitcoin. At current price its around 43 Million USD. Not sure whether if it is really got hacked or not; which is another story. But anyways Binance said that none of the users are affected …

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Mineable vs Non-Mineable coins in cryptocurrency – All you need to know

coinguides — Tue, 23 Apr 2019 11:39:17 +0000

What’s so revolutionary about cryptocurrency is that the way money is created and the way the transactions are carried out. Decentralization is the core idea that sets cryptocurrencies apart from the traditional fiat money. No central entity can control the system. Coins are created through the process called mining and all transactions are verified by …

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How to safely update your Bitcoin electrum wallet to the latest version

coinguides — Sun, 31 Mar 2019 11:47:30 +0000

Guide to update Bitcoin electrum wallet. Whether it is a core wallet or electrum wallet; it is very essential that that you perform a backup before updating or making any changes to your wallet. In electrum wallet all you need to backup is your electrum wallet seed phrase and additionally the wallet file. Once you …

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What are Block Rewards? How Bitcoin mining block rewards work?

coinguides — Mon, 25 Mar 2019 14:46:10 +0000

Previously on Coin Guides we’ve explained Bitcoin confirmations, Bitcoin mempool, Block height, transaction hash ID and many others. Here in this article we’re going to explain what a Block reward is and how the Bitcoin miners are rewarded for finding a block? This post applies not only to Bitcoin but any crypto currencies that are …

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