Bitcoin is a collection of concepts and technologies that form the basis of a digital money ecosystem. Units of currency called bitcoin are used to store and transmit value among participants in the Bitcoin network. Bitcoin users communicate with each other using the Bitcoin protocol primarily via the internet, although other transport networks can also be used. The Bitcoin protocol stack, available as open source software, can be run on a wide range of computing devices, including laptops and smartphones, making the technology easily accessible.
Bitcoin((("Bitcoin", "operational overview", id="bitcoin-operational-overview"))) is a collection of concepts and technologies that form the basis of a digital money ecosystem. Units of currency called bitcoin are used to store and transmit value among participants in the Bitcoin network. Bitcoin users communicate with each other using the Bitcoin protocol primarily via the internet, although other transport networks can also be used. The Bitcoin protocol stack, available as open source software, can be run on a wide range of computing devices, including laptops and smartphones, making the technology easily accessible.
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In this book, the unit of currency is called "bitcoin" with a small _b_,
In this book, the ((("bitcoin", "defined")))unit of currency is called "bitcoin" with a small _b_,
and the system is called "Bitcoin", with a capital _B_.
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@ -74,7 +74,7 @@ Behind the scenes, Bitcoin is also the name of the protocol, a peer-to-peer netw
* A set of rules for independent transaction validation and currency issuance (consensus rules)
* A mechanism for reaching global decentralized consensus on the valid blockchain (proof-of-work algorithm)
As a developer, I see Bitcoin as akin to the internet of money, a network for propagating value and securing the ownership of digital assets via distributed computation. There's a lot more to Bitcoin than first meets the eye.
As a developer, I see Bitcoin as akin to the internet of money, a network for propagating value and securing the ownership of digital assets via distributed computation. There's a lot more to Bitcoin than first meets ((("Bitcoin", "operational overview", startref="bitcoin-operational-overview")))the eye.
In this chapter we'll get started by explaining some of the main concepts and terms, getting the necessary software, and using Bitcoin for simple transactions. In the following chapters, we'll start unwrapping the layers of technology that make Bitcoin possible and examine the inner workings of the Bitcoin network and protocol.
clenser
7 months ago