Bitcoin
Bitcoin consists of:
- A decentralized peer-to-peer network (the Bitcoin protocol)
- A public transaction journal (the blockchain)
- A set of rules for independent transaction validation and currency issuance (consensus rules).
- A mechanism for reaching global decentralized consensus on the valid Blockchain (proof-of-work algorithm).
Types of Bitcoin Wallets
- Desktop Wallet
- Mobile Wallet
- Web Wallet
- Hardware signing devices