Technology and Engineering

The Manifestation of Gresham's Law in the Bitcoin World Gresham's Law, which states that "bad money drives out good money," describes how people tend to hoard currencies perceived as stable or appreci...

Economic Challenges Price Volatility Risk Bitcoin experiences extreme price fluctuations (e.g., daily swings exceeding 20%). Pegging a national currency to it could destabilize the currency’s value,...

The Impact of Bitcoin Halving Cycles on Bull and Bear Markets Bitcoin's four-year halving cycle (where block rewards are halved approximately every four years, reducing new Bitcoin supply by 50%) is a...

Miner Competition and the Prisoner's Dilemma In Bitcoin mining, miners compete for block rewards and transaction fees by solving computational puzzles.

Core Logical Flaws The core logical flaw of the Stock-to-Flow (S2F) model lies in its overreliance on supply scarcity as the sole driver of price prediction, while ignoring other critical market dynam...

Bitcoin Supply Cap and the Risk of Deflationary Spiral Definition of Deflationary Spiral A deflationary spiral refers to a vicious cycle of persistently falling prices: consumers delay spending in ant...

The Contradiction Between Digital Gold Positioning and Peer-to-Peer Electronic Cash System Bitcoin's positioning as "digital gold" does involve a fundamental contradiction with its original vision as ...

Ordinals Theory and the Emergence of BRC-20 Tokens: Do They Contradict Bitcoin's Original Intent? Bitcoin's Original Intent Proposed by Satoshi Nakamoto in 2008, Bitcoin aimed to create a decentralize...

Bitcoin Security Budget Problem Analysis Problem Overview Bitcoin's block reward halves every four years (e.g., reduced to 3.125 BTC in 2024) and is expected to approach zero by 2140.

What is an SPV (Simplified Payment Verification) Node? An SPV (Simplified Payment Verification) node is a lightweight client implementation in the Bitcoin network, designed to allow users to verify tr...

Impact of Transaction Malleability on Lightning Network Construction Before the activation of SegWit (Segregated Witness), Bitcoin’s transaction malleability issue significantly hindered the developme...

Bitcoin P2P Network Defense Mechanisms Against Eclipse Attacks and Sybil Attacks Defense Against Eclipse Attacks An Eclipse Attack occurs when an attacker isolates a node by controlling all its networ...

Security Basis of ECDSA The security of the Elliptic Curve Digital Signature Algorithm (ECDSA) primarily relies on the computational intractability of the Elliptic Curve Discrete Logarithm Problem (EC...

What is Transaction "Finality"? Transaction finality refers to the process by which a transaction is permanently recorded on the blockchain and reaches an irreversible state.

The Role of Mempool in the Bitcoin Network The Mempool (memory pool) is a critical component within the Bitcoin network, independently maintained by each node.

How Bitcoin's Difficulty Adjustment Mechanism Maintains Approximately 10-Minute Block Times The Bitcoin network ensures an average block time of approximately 10 minutes through its difficulty adjustm...

Is Timechain a More Accurate Description of Bitcoin's Essence Than Blockchain? Viewpoint: Yes, Timechain more accurately describes Bitcoin's essence in certain core aspects because it directly highlig...

Core Technical Principles of the Taproot Upgrade Taproot is a major Bitcoin upgrade activated in 2021. Its core principle is to optimize Bitcoin script execution and transaction structure by combining...

How Does the SegWit Upgrade Technically Solve Transaction Malleability? Transaction Malleability refers to an attacker’s ability to alter the signature portion of a transaction (e.g.

The Non-Turing Completeness of Bitcoin Script: A Design Flaw or Security Consideration? To What Extent Does This Limitation Hinder Bitcoin Innovation? 1.