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Bitcoin Protocol

What does Bitcoin protocol mean?

The open source cryptographic protocol which operates on the Bitcoin network, setting the “rules” for how the network runs.

These rules are numerous and detailed, spelling out each instance of what’s occurring on the Bitcoin network during transfer and coin creation.

Because of the extensive details of the Bitcoin protocol it is very difficult to explain and far beyond the scope of this simple definition.

 

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Profiles

  • Vitalik Buterin – The Mastermind
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Basics

  • What Is Ethereum – A Complete Guide to the #1 Smart Contract Platform
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Notes

The views expressed on this blog are based on personal opinion and experience, and should not be considered as professional financial investment advice. Feel free to contact us here. For our live charts & news, we’re using the awesome APIs from CryptoCompare and Cryptopanic.

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