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, ...
