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bitcoin protocol
Peer-to-peer payment network that operates on a cryptographic protocol
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3 identifiers linking bitcoin protocol across the web's reference databases
Peer-to-peer payment network that operates on a cryptographic protocol
3 identifiers linking bitcoin protocol across the web's reference databases
From Wikipedia, the free encyclopedia · Read full article · Text CC BY-SA 4.0
The bitcoin protocol is the set of rules that govern the functioning of bitcoin. Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain technology, a public ledger that records all bitcoin transactions; mining and proof of work, the process to create new bitcoins and verify transactions; and cryptographic security.