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Banking on Bitcoin

Editorial & research

News & Research

Bitcoin Basics

What Is Bitcoin? A Plain-English Introduction

Bitcoin is a digital money system that runs without a bank or company in charge. Here is what it is, who owns it and what it can and cannot do.

Money & Economics

Why Does Bitcoin Have Value?

Nothing physical backs Bitcoin, yet people value it. Scarcity, trust in open rules and network effects explain why, and where the argument is weakest.

Money & Economics

Bitcoin and Monetary Freedom

The case that Bitcoin expands financial freedom through censorship resistance and open access, and the trade-offs and criticisms that come with it.

Technology

Inside a Bitcoin Mining Operation

What Bitcoin miners actually do, how proof of work and ASICs function, why mining uses so much energy, and how halvings change the economics.

Technology

What Is the Lightning Network?

The Lightning Network is a second layer on top of Bitcoin built for fast, small payments. Here is how payment channels work and where the trade-offs are.

Security

Is Bitcoin Private? What Transactions Reveal

Bitcoin is pseudonymous, not anonymous. Learn what the public ledger reveals, how addresses get linked to people, and practical ways to reduce exposure.