Tommaso
Sat Jul 13 2024
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6 answers
722
Is bitcoin a software protocol?
Excuse me, could you please elaborate on whether Bitcoin is indeed considered a software protocol? My understanding of Bitcoin is that it's a decentralized digital currency, but I've also heard references to it being a protocol. Could you clarify if it's the underlying technology, such as the blockchain, that constitutes the software protocol, or if Bitcoin itself is referred to as a protocol due to its rules and standards that govern the network? Is it a combination of both? I'm particularly interested in understanding the distinction between Bitcoin as a currency and Bitcoin as a software protocol. Thank you for your time and expertise in this matter.
