Bitcoin Network

The Bitcoin Network refers to the decentralized system that enables Bitcoin transactions.

The Bitcoin Network refers to the decentralized system that enables Bitcoin transactions. It consists of a peer-to-peer network of computers, known as nodes, that communicate with each other to maintain the integrity of the Bitcoin database, called the blockchain.

Each node stores a complete copy of the blockchain, which records all Bitcoin transactions since its inception. When a transaction occurs, it is broadcasted to the network, where miners verify and validate it. Once confirmed, the transaction is added to a block, which then becomes part of the blockchain through a process called mining.

This network is secured through cryptography, ensuring that transactions are safe and cannot be altered once confirmed. The decentralized nature of the Bitcoin Network means that no single entity controls it, making it resistant to censorship and fraud. Overall, it supports the seamless transfer of value while maintaining transparency and security.

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