WORLD BITCOIN
CENTER

RESEARCH & INTELLIGENCE

Evidence first.
Perspective follows.

Concise research notes grounded in public primary sources. No price targets, trading signals or invented live market data.

01 / PROTOCOL

The supply rule is only one part of the story.

Bitcoin’s issuance schedule is governed by consensus rules. Scarcity describes supply; it does not determine future purchasing power. A useful analysis separates protocol mechanics from price assumptions.

Bitcoin.org FAQ →

Undated reference; reviewed 11 November 2026 · Original editorial synthesis. Product claims remain the publisher’s claims.

02 / GOVERNANCE

Control, custody and evidence.

Wallet architecture matters because it determines who can authorise a transaction. Review key control, recovery and service-provider obligations separately. A reserve snapshot should not be treated as a complete assessment of an organisation’s financial condition.

Bitcoin developer guide: Wallets →

Undated documentation; reviewed 11 November 2026 · Original editorial synthesis. Product claims remain the publisher’s claims.

03 / PAYMENTS

Different rails, different trade-offs.

Lightning’s technical design uses payment channels. This differs from recording every transfer directly on the base chain. Operational evaluation should include channel liquidity, routing and the chosen custody model.

Lightning Network paper →

14 January 2016; reviewed 11 November 2026 · Original editorial synthesis. Product claims remain the publisher’s claims.

04 / INDUSTRY

An ecosystem spans more than trading.

Block’s Bitcoin overview connects merchant payments, self-custody, mining and open-source work. That breadth is useful context for mapping industry roles. It is not evidence that every product is available in every jurisdiction.

Block: Bitcoin ecosystem →

Undated product overview; reviewed 11 November 2026 · Original editorial synthesis. Product claims remain the publisher’s claims.