January 2019
Intermediate to advanced
258 pages
7h 12m
English
Content preview from Blockchain for Business 2019
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How Bitcoin differs
Now, you may be thinking what's different and unique about the Bitcoin network compared to such financial networks?
The main difference is that Bitcoin is structured as a P2P network on top of the internet. Decentralization of control is a core design principle that is achieved and maintained by a flat P2P network architecture.
The Bitcoin P2P network is a collection of nodes or peers that run the Bitcoin protocol. The Bitcoin protocol is a piece of software engineering similar to the Internet Protocol (IP). Everyone has heard of IP addresses nowadays, which are used for communication over the internet. Just like the World Wide Web with its websites, domain names, and other applications, the Bitcoin network is a layer ...
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