I am from Trinidad and this has been My First Experience with Bitcoin
I was given a gift of TT$3 worth of Bitcoin (1000 Satoshis or 0.00001 bitcoin) and I used the Wallet of Satoshi to receive my gift. This is my first experience with bitcoin. I am in the process of learning more and I decided to share my experience and understanding in this blog post. A wallet gives you access to your bitcoin and you can send and receive bitcoin. There are different types of wallets. Wallets have a public key (this is like your bank account number) and private key (this is like your online banking password). The Wallet of Satoshi app is a zero-configuration custodial wallet. A custodial wallet means that they have control over the private keys. The Wallet of Satoshi uses the lightning network. The bitcoin network can only process a limited amount of transactions per second. The lightning network was created to overcome this. The lightning network has lower fees and allows micro-payments. A bunch of transactions can take place and then at a later time a net transaction i