Bitcoin; Peer-to-peer network

Bitcoin is a decentralized digital currency that has gained significant attention and growth in recent years. Unlike traditional currencies, Bitcoin does not rely on a centralized authority to control the supply, distribution, and verification of the validity of transactions. Instead, Bitcoin relies on a peer-to- peer network of volunteers to distribute pending transactions and confirmed blocks, verify transactions, and to collectively implement a replicated ledger that everyone agrees on. This peer-to-peer (P2P) network is at the heart of Bitcoin and many other blockchain technologies.

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  • Last Updated On: 
    Tue, 11/12/2019 - 10:38