How Bitcoin’s Open-Source Protocol Is Community-Run
bitcoin’s open-source protocol is maintained by a global community of developers and node operators. Through transparent code, peer review, and consensus, no single entity controls the network.
Capitalizations Index – B ∞/21M
bitcoin’s open-source protocol is maintained by a global community of developers and node operators. Through transparent code, peer review, and consensus, no single entity controls the network.
bitcoin forks occur when network participants disagree on rules, causing the blockchain to split. This process can create new cryptocurrencies and impact security, fees, and user adoption.
A 51% attack occurs when a single entity controls most mining power, enabling them to manipulate transactions, double-spend coins, and undermine trust in a blockchain network.
bitcoin is a decentralized digital currency operating on a distributed ledger (blockchain). It enables peer-to-peer transactions without intermediaries, secured by cryptography and consensus mechanisms.
A bitcoin miner is hardware and software that validates transactions and secures the network by solving cryptographic proofs. Miners use specialized rigs to compete for block rewards and maintain blockchain integrity.
bitcoin achieves trust without intermediaries using a peer-to-peer network, proof-of-work mining, and consensus rules. Nodes validate transactions and blocks, ensuring immutability and preventing double-spending.