When you enter the world of cryptocurrencies, you can feel overwhelmed. There are more than a thousand concepts and over 10,000 unknown words or tokens. You may think that getting it right is an impossible task.

But I believe that everything can be simplified, and it’s no different with cryptocurrencies.

The first thing you need to know about crypto is that there is a triangle we must always keep in mind: security, scalability, and decentralization. Each and every cryptocurrency must have two (or fewer) of these aspects, but it’s impossible to have all three.

Bitcoin is the most secure and decentralized cryptocurrency out there. There is no other like it. Perhaps that’s why it has the largest market cap.

According to Raoul, Ethereum will become the biggest in a few years, but he has no doubt that Bitcoin will remain an incredibly important player within the crypto ecosystem.

Today, I am going to provide you with the information you need to know more than 99.9% of the crypto investors in the market. I will give you the best books, blogs, and Twitter accounts in the market. This will save you from the noise of countless blogs that know almost nothing about Bitcoin.

Main areas of research and development in Bitcoin

The areas of research and development in Bitcoin are very limited due to the nature of the system itself.

The latest major update was Taproot, which focuses on improving security and privacy and providing a bit more flexibility to smart contracts (which are still inferior to those on decentralized development platforms).

The previous update was the Lightning Network, which allowed for channels to be created outside the main Blockchain to exchange Bitcoin without paying fees.

The thing is, between one update and the next, four years passed.

You can get an idea of the speed of development in Bitcoin.

But this isn’t necessarily a bad thing. As someone once said, “I invest in Ethereum for its speed and in Bitcoin for its slowness.”

We’re talking about money. Digital gold. We don’t want it to move quickly. We want it to be solid.

Where to get information about Bitcoin

We can differentiate between two main types of information:

Basic information about Bitcoin My recommendations:

Blockchain Academy

It’s a YouTube channel where they explain a bit of everything, not just Bitcoin. The thing is, they reasonably explain what Bitcoin is about and give you a pretty good general idea of the matter.

Books

If you want to go deeper, these books will be useful:

The last two are quite complicated, but if you read all of these books, you’ll have a better understanding of Bitcoin than 99.9% of people.

Official Paper

Of course, you MUST read the original Bitcoin paper, which details all of its functionalities and characteristics.

Information to stay aware of ongoing developments I recommend:

Twitter Accounts

In general, these are pretty maximalist Bitcoin accounts, so they’ll tell you that Ethereum and other cryptos are worthless. You can ignore that and focus on the value they bring when they talk about Bitcoin.

GitHub

You should also follow the Bitcoin GitHub, where BIPs (Bitcoin Improvement Proposals) are proposed. Lightning Network and Taproot were BIPs.

By keeping up with the BIPs, you’ll be aware of the latest innovations about Bitcoin.

Bitcoin OpTech

This newsletter will keep you informed of all Bitcoin developments and some services that surround it.

Subreddit

You can also follow the Bitcoin subreddit, although the information here is super mixed (as always on Reddit).

In the end, the best way to stay informed about innovation in Bitcoin is to follow the Twitter accounts I mentioned and take advantage of discovering new quality Bitcoiners to follow as they come up. That way, one way or another, you always get the information.

In the coming weeks, we will give you more easily actionable tips in our newsletter.

In a few years, many people will say how they did not discover this before. In the meantime, you and I will continue to compound at double digits.