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Backtest your Trading Strategies with Bitfinex Terminal & Honey Framework

The Honey Framework provides easy ways to create and backtest trading strategies. Today we are taking a look at how you can backtest your trading strategies with Bitfinex Terminal data and Node.js. Bitfinex Terminal was released with the needs of algo traders in mind – a fast, reliable way to sync and share historical data. We will take a trading strategy, EMA Crossover, and backtest it on historical candle data. We will run our backtest on 5-minute candles from BTCUSD trading data. That data is, like in a blockchain, stored in a Merkle Tree and can be cryptographically verified. The…

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How to Memorize a Seed Phrase: Building Narratives from Nonsense

It is not safe to rely on your memory as your only backup of a seed phrase. If you want to improve the security of your coins beyond just using a traditional seed phrase, you can make use of Shamir backup, which subdivides your seed in a way that prevents it from being damaged or stolen.Bitcoin Improvement Proposal 39 (BIP39) was created in 2013 to make it easier to safely backup and restore cryptocurrency wallets. Derived from a very large random number, they represent a calculation based on 12 or 24 words and their sequential order. If you use the right…

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Bitcoin Security 101: How to Create a 2 of 2 Multi-Signature BCH Wallet

In the world of cryptocurrencies, there’s a lot of discussions and lessons when it comes to digital asset security and one of them is multisig wallets. The term multisig stands for multi-signature and the following post will teach anyone how to create a 2 of 2 multisig wallet. Years ago cryptocurrency developers came up with an idea to increase wallet security by leveraging a multisig wallet. Basically, a 2 of 2 multisig wallet consists of two wallets but people can create wallets with more than two signers. Essentially, with a multisig wallet, two or more signatures are required to authorize…

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The challenge of integrating the Lightning Network

Integrating Lightning Network at Bitfinex was a challenging and exciting task for us. We didn’t just enable Lightning Network deposit and withdrawals but we are also utilizing Lightning Network to settle payments for gift card purchases with Bitrefill. We learned a lot during the development process, and we would like to share some high-level learnings with the community. Development environment Setting up a good development environment is important, and our development started on Bitcoin’s Simnet. The main benefit of Simnet is that it gives you great flexibility and speed by letting you mine blocks on demand. This is very useful…

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Tutorial: Getting started with the new V3 Honey Framework

A couple of months ago we made the big announcement that we were going to release a new cool piece of technology called the “Honey Framework UI”, which aimed to package all of the power provided by the Honey Framework into a simple easy-to-install application. Well, three months on and we have made some serious improvements, making the HF UI an even more powerful tool for our market participants utilize. In this tutorial, we are going to look at how to install the software, authenticate ourselves and use all of the new features that have been added in version three!…

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