Bitcoin / BTC (shorthand) – A form of digital currency created in 2009, that is created and distributed on a peer-to-peer basis. It has no central bank – transactions are conducted directly between individuals . Bitcoin is the most popular kind of cryptocurrency.
Read moreHow does peer-to-peer work?
In a peer-to-peer network, computers on the network are equal, with each workstation providing access to resources and data . This is a simple type of network where computers are able to communicate with one another and share what is on or attached to their computer with other users.
Read moreHow do Bitcoin nodes talk to each other?
Bitcoin clients use several methods to locate other clients. The primary method is a list of nodes from a previous connection to the network . The works very well for everything but your first connection or a connection after a very long period of disconnection.
Read moreWhat is the Bitcoin software?
Bitcoin, the digital currency and payment network, is actually software and a purely digital phenomenon—a set of protocols and processes . The main component of Bitcoin is blockchain, a series of digital blocks that are linked together as a list and maintain records of all transactions occurring in its network.
Read moreWhat is the current Bitcoin version?
BitcoinInitial release0.1.0 / 9 January 2009Latest release22.0 / 13 September 2021Code repositorygithub.com/bitcoin/bitcoinDevelopment statusActiveBitcoin – Wikipedia en.wikipedia.org › wiki › Bitcoin
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