Bitcoin and Bitcoin network

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Difference between Bitcoin and Bitcoin network

Bitcoin vs. Bitcoin network

Bitcoin (₿) is the world's first cryptocurrency, a form of electronic cash. The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol.

Arctic

The Arctic is a polar region located at the northernmost part of Earth.

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Blockchain

A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography.

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Cryptographic nonce

In cryptography, a nonce is an arbitrary number that can be used just once.

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Digital signature

A digital signature is a mathematical scheme for presenting the authenticity of digital messages or documents.

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Double-spending

Double-spending is a potential flaw in a digital cash scheme in which the same single digital token can be spent more than once.

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European Banking Authority

The European Banking Authority (EBA) is a regulatory agency of the European Union headquartered in London.

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Geothermal energy

Geothermal energy is thermal energy generated and stored in the Earth.

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Hash function

A hash function is any function that can be used to map data of arbitrary size to data of a fixed size.

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Hydroelectricity

Hydroelectricity is electricity produced from hydropower.

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Mining pool

In the context of cryptocurrency mining, a mining pool is the pooling of resources by miners, who share their processing power over a network, to split the reward equally, according to the amount of work they contributed to the probability of finding a block.

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Open-source software

Open-source software (OSS) is a type of computer software whose source code is released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.

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Peer-to-peer

Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers.

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Ponzi scheme

A Ponzi scheme (also a Ponzi game) is a form of fraud in which a purported businessman lures investors and pays profits to earlier investors using funds obtained from newer investors.

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Proof-of-work system

A proof-of-work (PoW) system (or protocol, or function) is an economic measure to deter denial of service attacks and other service abuses such as spam on a network by requiring some work from the service requester, usually meaning processing time by a computer.

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Satoshi Nakamoto

Satoshi Nakamoto is the name used by the unknown person or people who developed bitcoin, authored the bitcoin white paper, created and deployed bitcoin's original reference implementation.

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SHA-2

SHA-2 (Secure Hash Algorithm 2) is a set of cryptographic hash functions designed by the United States National Security Agency (NSA).

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The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

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Tibet

Tibet is a historical region covering much of the Tibetan Plateau in Central Asia.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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