Term of the Moment


Look Up Another Term

Definition: Bitcoin network

All the Bitcoin validating and mining nodes in the world. Validating nodes check the integrity of transactions, both previous and current, and mining nodes compete to add new transactions to the network.

What Is Bitcoin Really?
Bitcoin can be defined as a blockchain network, a distributed or decentralized ledger, a distributed or decentarlized database, a peer-to-peer electronic cash system or all of those things combined. See Bitcoin and crypto glossary.