Bitcoin
A digital asset and a payment network. It is designed to work without a central bank or a single company running the ledger.
the network + the assetBitcoin is a way to move value online without asking one company to keep the master ledger. Start here: three ideas, one short journey, zero hype.
The terms overlap, but they are not interchangeable. Think of them as layers in the same stack.
A digital asset and a payment network. It is designed to work without a central bank or a single company running the ledger.
the network + the assetA broad family of digital assets that use cryptography and distributed networks. Bitcoin is the first and most widely known example.
the categoryA shared record that groups transactions into blocks and links each block to the last. Anyone can verify the history.
the recordA Bitcoin payment is a small message that gets checked by a crowd.
No single server has to be trusted. Participants keep copies of the ledger, compare notes and agree on the next page together.
A private key proves that you are allowed to spend those coins.
Nodes verify the signature, the balance and that the coins are not being spent twice.
Transactions are bundled into a block and secured with proof of work.
Once the block is accepted, every participating copy can catch up.
Two calm, visual explainers for the moments when text starts to feel abstract.
Most Bitcoin activity is pseudonymous and visible on a public ledger. Privacy depends on how a wallet is used.
Price is one signal and it can move quickly. The protocol is the set of rules underneath it.
A wallet stores keys. The network records balances and ownership on the ledger.