Bitcoin

In earlier chapters, we discussed blockchain, its components, and its structure in detail. We also discussed cryptography, the mechanics behind blockchain, and how blockchain is revolutionizing the network world. In this chapter, we will be discussing Bitcoin's origins.

We will discuss the introduction of Bitcoin, its history, and how it became one of the biggest revolutions of financial history in such a short space of time. We will also dive deep into other aspects of Bitcoin, such as its encoding system, transaction process, network nodes, and we'll briefly cover the mining of Bitcoins.

The topics that we will cover in this chapter include the following:

• The history of Bitcoin
• Why Bitcoin is volatile
• Keys and addresses
• Transactions
• Blocks
• Bitcoin network
• Wallets