The first decentralized cryptocurrency network, launched in 2009 by the pseudonymous Satoshi Nakamoto, using a Proof-of-Work consensus mechanism and a UTXO-based transaction model. Bitcoin's protocol enforces a fixed supply cap of 21 million BTC, with new coins issued through mining block rewards that halve approximately every four years. It serves as both a peer-to-peer electronic cash system and a store of value, with its scripting language enabling basic programmability such as multisig and timelocks.
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0 termos visitados no totalA consensus mechanism where miners compete to solve computationally expensive puzzles to p…
Ver termo →The accounting model used by Bitcoin (and derived chains like Litecoin and Zcash) where ba…
Ver termo →A programmatic event occurring every 210,000 blocks (~4 years) that reduces the Bitcoin bl…
Ver termo →A Layer 2 payment channel network built on Bitcoin that enables near-instant, low-cost tra…
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