#Bitcoin Cash, when using #Selene wallet, is probably the easiest & most fun user experience in the bitcoin realm!
I'm sure many of you remember #Muun wallet before the fees fucked it all up, well Selene.cash feels a lot like that. Fast, cheap & easy! (Like your sister! 🤣🤪🤣😂)
#crypto #btc #bch #xmr #monero #ltc #litecoin #mweb #mimblewimble #fiat #fuckfiat
Bitcoin: A Peer-to-Peer Electronic Cash System
Abstract
A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
BCH works great. Extremely fast transactions, super cheap fees, excellent consumer tools. It is literally working proof that BTC is as broken as the fiat system it pretends to replace.
Lightning can be used p2p, but most use a custodial service. Fedimint is entirely custodial.
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Notes by Crypto Is Money - Bitcoin for Small Businesses | export