7
Bitcoin in Practice
In this chapter, we will examine how the Bitcoin protocol works, as well as some advanced and modern Bitcoin protocols that have been developed to address limitations in the original Bitcoin protocol.
In this chapter, we will cover:
- Bitcoin in the real world
- Bitcoin payments
- Innovation in Bitcoin
- Bitcoin client installation
- Experimenting further with
bitcoin-cli - Bitcoin programming
Before we talk about the specifics of Bitcoin, let’s briefly discuss the philosophy behind it, go over the official definition of Bitcoin, and consider Bitcoin from a user’s perspective.
Bitcoin in the real world
For people with a libertarian ideology, Bitcoin is a platform that can be used instead of banks. However, some think that due to ...
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