Who controls the Bitcoin Network

This section describes who controls the Bitcoin network.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

Last update: 2017.

Table of Contents

 About This Book

Introduction of Bitcoin

 What Is Bitcoin

Who controls the Bitcoin Network

 Bitcoin Market Price Value

 Bitcoin Units

 List of Cryptocurrencies

 Bitcoin Blockchain

 Bitcoin Wallet

 Bitcoin Core

 Bitcoin Transaction

 Bitcoin-Qt - Bitcoin Core GUI

 Bitcoin Mining

 Bitcoin Consensus Rules

 Bitcoin Block Data Structure

 Bitcoin Transaction Data Structure

 blockexplorer.com API

 Copay - Bitcoin Wallet

 References

 PDF Printing Version