Bitcoin and Lightning Network on Raspberry Pi: Running Nodes on Pi3, Pi4 and Pi Zero

© Harris Brakmić 2019

H. BrakmićBitcoin and Lightning Network on Raspberry Pihttps://doi.org/10.1007/978-1-4842-5522-3_1

1. What Is Bitcoin?

Harris Brakmić¹ 

(1)

Troisdorf, Germany

 

There are four major factors that make up Bitcoin—money, decentralized network, Proof-of-Work, and time. We’ll explore each in this chapter to understand the basics of what we’re going to be working with.

Money

Bitcoin is money . In my humble opinion, this is the simplest and, at the same time, most precise definition of Bitcoin. Of course, there is much more beneath it as Bitcoin’s fundaments reach very deep into many different areas of science. There is cryptography, information science, computer science, probability, logic, economy, game theory, just to name a few. However, ...