What Is The Bitcoin Network?


Jake Morr


August 25, 2023

The decentralized system of computers running the Bitcoin protocol, which powers transactions and maintains the public blockchain. This peer-to-peer network of nodes validates and records every Bitcoin transaction in a public ledger called the blockchain to prevent double-spending. Unlike centralized systems, the Bitcoin Network isn't owned or controlled by any single entity. Instead, it operates based on consensus and is overseen by its users globally, ensuring transparency and security in all transactions.


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