Bitcoin School for Silly Cats
Educational content to help you understand Bitcoin concepts and navigate the treacherous waters during your journey.
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The Bitcoin Network
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Lesson 1: Understanding the Bitcoin Network, and its UTXO Model
Understanding the Unspent Transaction Output (UTXO) Model in Bitcoin is extremely important, as it is meaningfully different from the Account-Based model of Ethereum Virtual Machine (EVM) and Solana networks. Below you will find a detailed explanation comparing the two of them, and some extra tips regarding UTXO management.
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Lesson 2: Sniping Pending Purchase Transactions on Bitcoin
For those involved with Runes and Ordinals, one of the most important concepts to understand is the ability to snipe someone's pending purchase transactions. As the market grew and more participants became familiar with this concept, the process of purchasing Runes and Ordinals became somewhat stressful, highlighting the importance of knowing how to snipe.
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Lesson 3: How to Split Runes
The most talked about subject in Runes is the fact that people seem to not understand the importance of splitting your runes. Split your runes Silly cats, it is better for everyone!
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Lesson 4: How To Accelerate a Pending Transaction on Bitcoin
Another important concept for those involved with Runes and Ordinals, is the ability to accelerate a pending transaction, in case it is needed. That is accelerating a pending mint, accelerating a BTC transaction, where you need the BTC for something time-sensitive. There are many cases, so it is important to understand how to accelerate.
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Lesson 5: Canceling a Pending Transaction on Bitcoin
Many say that the time it takes for a transaction to confirm on the Bitcoin Network is a feature, not a bug, and this is one of the arguments for it being a feature. As long as a BTC transaction has not been confirmed yet, you can cancel the transaction, we will understand more below.
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