In this episode, we discuss the recent political upheaval in Sri Lanka due to high inflation and examines the role of cryptocurrencies like Bitcoin in the global economy. The conversation explores the evolving definitions and forms of money, from barter systems to digital currencies. We emphasize that Bitcoin serves as digital money, sharing similar properties…
In this video John Wainaina Karanja C.E.O Melanin discusses the African energy market has untapped potential worth $2 trillion. With Africa’s fast-growing population, technologies like blockchain, IoT, machine learning, and AI can revolutionize access to energy. However, the high cost of solar systems and renewables, particularly when compared to oil and nuclear energy, poses a…
BitHub.Africa conducted a feasibility study on how Blockchain technology like Bitcoin could be harnessed to create new opportunities to solve problems in Africa. This was especially important given the recent decision by Kenyan Central Bank to issue a warning against Bitcoin. We surveyed 96 people who are already in the African Bitcoin Community using this form. What…
In this episode, the focus is on the role of incentives in blockchain technology, specifically in Bitcoin, to ensure network security. Two main consensus algorithms for providing these incentives are discussed: Proof of Work (PoW) and Proof of Stake (PoS). In PoW, miners use computational power to solve complex equations, thereby creating new coins and…
This guide was written by Edwin Kiaraho, a Community Member at BitHub Africa. Reach Edwin at ekairu(at)alumni.cmu.edu. Prerequisites This guide was pieced together from several other online guides including: http://dev.lightning.community/overview/ https://github.com/lightningnetwork/lnd/blob/master/docs/INSTALL.md https://medium.com/@stadicus/noobs-guide-to–lightning-on-a-raspberry-pi-f0ab7525586e Port Forwarding Unless your Raspberry Pi is hosted on the network DMZ with a public IP address, you will need to forward incoming…
In this episode we explain that supply and demand, fundamental principles in economics, also apply to Bitcoin and its pricing. These forces can either increase or decrease supply and demand, thereby affecting price. Bitcoin was developed to address issues like inflation that erode people’s purchasing power over time. Traditional financial systems, managed by governments or…
