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The Witness Discount

[yesterday 10:26 PM] Bitcoin Magazine The Witness Discount The witness discount refers to the reduction in data “weight” given to the witness portion of a Bitcoin transaction — the part that contains the signatures used to prove ownership. Implemented as part of the…

What are BRC-20 Tokens?

[yesterday 10:06 PM] Bitcoin Magazine What are BRC-20 Tokens? Introduction BRC-20 tokens are an experimental and inefficient token standard designed for creating fungible tokens on the Bitcoin blockchain. Inspired by Ethereum’s ERC-20 tokens, BRC-20 tokens leverage the…

What Is Commodity Money?

[Oct 27, 2023 10:17 AM] Commodity money is a form of money that derives an intrinsic value from its underlying commodity and the supply and demand dynamics. Gold and silver have been accepted as commodity money for centuries because of their scarcity and…

What Is Monetary Debasement? Examples, Effects and Solutions

[Oct 27, 2023 10:12 AM] Monetary DebasementDebasement refers to the action or process of reducing the quality or value of something. In relation to money, it traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal…