…g the creation of Bitcoins, this protocol is defined as the Block Chain protocol. This is where the TCP/IP and Block Chain protocols differ: TCP/IP is a COMMUNICATIONS protocol, whilst the Block Chain is a VALUE-EXCHANGE protocol.
… similar to SMTP, VOIP or HTTP — that enables low cost, fast, programmable and censorship resistant value transfer between any individual — or thing. Important to note that bitcoin can do all of these great things without the need of a trusted third party. No government or company or person owns bitcoin. Bitcoin belongs to everyone and redefines ‘permission-less innovation’.