What Is Bitcoin
This section describes what is Bitcoin.
Bitcoin is a cryptocurrency and payment system.
Bitcoin was invented by Satoshi Nakamoto and released as open source software in 2009.
Main features of Bitcoin.
- Decentralized -
Bitcoin uses a network of a large number of nodes to manage the system.
- Privacy -
Bitcoin funds are anonymous. They are not tied to real-world entities
but rather Bitcoin addresses.
- Transparent -
Bitcoin transactions are publicly accessible to everyone.
- Non-reputable -
Once a transaction is completed, there is no way to cancel it.
- Low transaction fee -
There is no or very low fee to process a transaction.
For more information on Bitcoin, see
Last update: 2017.
Table of Contents
About This Book
►Introduction of Bitcoin
►What Is Bitcoin
Who controls the Bitcoin Network
Bitcoin Market Price Value
List of Cryptocurrencies
Bitcoin-Qt - Bitcoin Core GUI
Bitcoin Consensus Rules
Bitcoin Block Data Structure
Bitcoin Transaction Data Structure
Copay - Bitcoin Wallet
Full Version in PDF/EPUB