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Taylor Helsper 2021-07-18 16:18:35 -05:00
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@ -167,9 +167,7 @@ Bitcoin is a unique form of digital money that enables users to send money over
Bitcoin is also unique in that it is deflationary and only has a finite amount of Bitcoin that will ever exist - 21 million. This is similar to land or other valuable natural resources that are limited in their supply. This limited supply is based on computer software algorithms built into the Bitcoin protocol. No person, company, or government can change that limit. This makes Bitcoin valuable to many people who want to save money. Bitcoin is also unique in that it is deflationary and only has a finite amount of Bitcoin that will ever exist - 21 million. This is similar to land or other valuable natural resources that are limited in their supply. This limited supply is based on computer software algorithms built into the Bitcoin protocol. No person, company, or government can change that limit. This makes Bitcoin valuable to many people who want to save money.
Bitcoin works by a large network of computers constantly working to verify transactions. Every 10 minutes a new set of transactions is included in a new block. Once a transaction is included in a block, the money belongs to the recipient and only they have the ability to spend their newly acquired Bitcoin. These blocks build on top of one another forming what is referred to as the blockchain. The Lightning Network is another layer on top of Bitcoin, speeding up the rate at which Bitcoin can be sent. Bitcoin transactions are very secure, but can take time to fully confirm. The Lightning Network allows people to send Bitcoin back and forth without the need to wait for each transaction to be included in a Bitcoin block.
The Lightning Network is another layer on top of Bitcoin, speeding up the rate at which Bitcoin can be sent. Bitcoin transactions are very secure, but can take 10 minutes or more to fully confirm. The Lightning Network allows people to send Bitcoin back and forth without the need to wait for each transaction to get included in a Bitcoin block.
There is much more to Bitcoin and the Lighting Network than is mentioned here. For more information, start with these links. There is much more to Bitcoin and the Lighting Network than is mentioned here. For more information, start with these links.
@ -180,15 +178,21 @@ There is much more to Bitcoin and the Lighting Network than is mentioned here. F
<a href="https://www.lopp.net/bitcoin-information.html">Bitcoin Information</a> <a href="https://www.lopp.net/bitcoin-information.html">Bitcoin Information</a>
## Security ## Security
There are many reasons to run a Bitcoin Node, like a myNode device will give you. It helps keep the Bitcoin network secure and reduces the trust you are giving others when using 3rd party Bitcoin Explorers or Bitcoin Light Wallet servers. They can track you or give you false information, reducing your security. A “full node”, like the Bitcoin node running on your myNode device, personally validates all blocks in the Bitcoin blockchain making sure your Bitcoin transactions and Lightning network use is built on the strongest, most trusted foundation possible. There are many reasons to run a Bitcoin Node, like myNode will provide. It helps keep the Bitcoin network secure and reduces the trust you are giving others when using 3rd party Bitcoin Explorers or Bitcoin Light Wallet servers. They can track you or give you false information, reducing your security and privacy. A “full node”, like the Bitcoin node running on your myNode device, personally validates all blocks in the Bitcoin blockchain making sure your Bitcoin transactions and Lightning network use is built on the strongest, most trusted foundation possible.
By using myNode for your Lightning Wallet, Bitcoin Wallet, and Block Explorer, you no longer have to trust others to give you the correct information! This increases your security when protecting your valuable assets. By using myNode for your Lightning Wallet, Bitcoin Wallet, and Block Explorer, you no longer have to trust others to give you the correct information! This increases your security when protecting your valuable assets.
Please note, we are not responsible for any lost funds while using your myNode device. We have taken significant measures to protect your assets by securing myNode devices, but lightning wallets are meant to be online and used for spending where risks are greater. Please do your own research into Bitcoin and the Lightning Network before investing in cryptocurrency. Please note, myNode is not responsible for any lost funds while using your device. We have taken significant measures to protect your assets by securing myNode, but lightning wallets are meant to be online and used for spending where risks are greater. Please do your own research into Bitcoin and the Lightning Network before investing in cryptocurrency.
For long term storage of cryptocurrency assets, please consider using a hardware wallet, like a Ledger or Trezor. For long term storage of cryptocurrency assets, please consider using a hardware wallet, like a Ledger or Trezor.
## Community ## Community
myNode has a wonderful, helpful community that assists with development and support. It would be impossible to run this project without their involvement and support! I truly appreciate the time and effort everyone puts in to make this a success. myNode has a wonderful, helpful community that assists with development and support. It would be impossible to run this project without their involvement and support! The effort they put in to make this, and all Bitcoin projects, a success is truly appreciated.
In order to maintain high quality premium support for myNode customers, community contributions may be included as part of the Premium software package so that the additional features can be maintained and supported long-term. Community members are welcome to contact myNode and be included in an upcoming list of community contributors that will highlight their contributions and, optionally, solicit donations. Additionally, any donations to myNode will be shared with the community developers and downstream projects at the discretion of the myNode team. ## Bounties
It takes a lot of work to add new features and maintain myNode. In order to provide desired features, improve documentation, and help provide the best product possible, some new features and improvements have bounties associsated with them. If anyone in the community would like to implement improvements, they can claim the bounty.
[Bounty List](https://github.com/mynodebtc/mynode/blob/master/doc/bounties.md)
## Responsible Disclosure
Found any critical bugs or vulnerabilities? Please send us an email at admin@mynodebtc.com. Thanks!