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  2. Bitcoin protocol - Wikipedia

    en.wikipedia.org/wiki/Bitcoin_protocol

    A diagram of a bitcoin transfer. The bitcoin protocol is the set of rules that govern the functioning of bitcoin.Its key components and principles are: a peer-to-peer decentralized network with no central oversight; the blockchain technology, a public ledger that records all bitcoin transactions; mining and proof of work, the process to create new bitcoins and verify transactions; and ...

  3. Bitcoin - Wikipedia

    en.wikipedia.org/wiki/Bitcoin

    Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender ...

  4. List of bitcoin forks - Wikipedia

    en.wikipedia.org/wiki/List_of_bitcoin_forks

    The current reference implementation for bitcoin contains a computational bottleneck. [2] The actual fork was preceded by Mike Hearn publishing a Bitcoin Improvement Proposal (BIP 64) on June 10, 2014, calling for the addition of "a small P2P protocol extension that performs UTXO lookups given a set of outpoints."

  5. Cryptocurrency - Wikipedia

    en.wikipedia.org/wiki/Cryptocurrency

    Bitcoin's value is largely determined by speculation among other technological limiting factors known as blockchain rewards coded into the architecture technology of bitcoin itself. The cryptocurrency market cap follows a trend known as the "halving", which is when the block rewards received from bitcoin are halved due to technological mandated ...

  6. Colored Coins - Wikipedia

    en.wikipedia.org/wiki/Colored_Coins

    Colored Coins is an open-source protocol that allows users to represent and manipulate immutable digital resources on top of Bitcoin transactions. [1] They are a class of methods for representing and maintaining real-world assets on the Bitcoin blockchain, which may be used to establish asset ownership.

  7. History of bitcoin - Wikipedia

    en.wikipedia.org/wiki/History_of_bitcoin

    The 10,000 Bitcoins were worth about $40 USD at the time. This event would mark May 22 as the Bitcoin Pizza Day for crypto-fans. [15] [44] At the time, a transaction's value was typically negotiated on the Bitcoin forum. [citation needed] On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted.

  8. Counterparty (platform) - Wikipedia

    en.wikipedia.org/wiki/Counterparty_(platform)

    Counterparty is a peer-to-peer financial platform and a distributed, open source protocol built on top of the Bitcoin blockchain and network. [1] It was one of the most well-known "Bitcoin 2.0" (later known as non-fungible token) platforms in 2014, along with Mastercoin, Ethereum, Colored Coins, Ripple and BitShares.

  9. Bitcoin scalability problem - Wikipedia

    en.wikipedia.org/wiki/Bitcoin_scalability_problem

    The Bitcoin scalability problem refers to the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in a short span of time. [1] It is related to the fact that records (known as blocks ) in the Bitcoin blockchain are limited in size and frequency.

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