Bitcoin Introduction

Gary(Chang, Chih-Chun)
Blockchain#g
Published in
2 min readMay 20, 2018
Bitcoin: A Peer-to-Peer Electronic Cash System

“The block chain provides Bitcoin’s public ledger, an ordered and timestamped record of transactions. This system is used to protect against double spending and modification of previous transaction records.”

“Each full node in the Bitcoin network independently stores a block chain containing only blocks validated by that node. When several nodes all have the same blocks in their block chain, they are considered to be in consensus.”

“The miners do mining to earn bitcoins, an the process of mining is equal to help validating transaction and the block. Finally, there is a Bitcoin’s public ledger.”

— from https://bitcoin.org/en/developer-guide#block-chain

Bitcoin.org

https://bitcoin.org/
  1. Illustrate the usage of Bitcoin
  2. Documents of Bitcoin
  3. Get started with Bitcoin(download the wallet)

Bitcoin core

https://bitcoin.org/en/bitcoin-core/

This website is for developers. Bitcoin core is an official software.

Bitcoin Improvement Proposals

“A BIP is a design document providing information to the Bitcoin community, or describing a new feature for Bitcoin or its processes or environment.”

Bitcoin info. related website

1.

https://statoshi.info

This website provides average transaction fee, block information and so on.

2.

https://blockchain.info

This website provides bitcoin transaction information and some charts.

3.

https://bitinfocharts.com

This websites provides information about different cryptocurrency statistics.

Bitcoin Unit

1 BTC

0.01 BTC = 1 cBTC(Bitcent)

0.001 BTC = 1 mBTC(Milli-Bitcoin)

0.000001 BTC = 1 𝜇BTC(Micro-Bitcoin)

0.00000001 BTC = 1 satoshi

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