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Bitcoin runs on a decentralized network comprising thousands of computers around the globe. Find out more about the Bitcoin network.
Bitcoin runs on a peer-to-peer network built on top of the internet. In simple terms, the computers that run the Bitcoin network assume similar roles and are equal. All the participating computers on the network serve the purpose of providing services to the Bitcoin ecosystem. Thus, Bitcoin does not have any servers because its network services are not centralized. Instead, the computers that run the network have a random distribution around the globe. On the other hand, if you are planning to start trading using bitcoin, you may trade through a safe and secure platform like Bitcode Method
The architecture of Bitcoin is open, decentralized, and resilient. Bitcoin is a peer-to-peer virtual means of payment, with decentralization as its core design principle. Maintaining that network is only possible with a consensus-based mechanism.
Bitcoin network refers to the collection of individual nodes running the Bitcoin protocol. However, Bitcoin uses other protocols besides the Bitcoin P2P protocol. Stratum is an excellent example of a protocol used for mining operations and mobile wallets.
Gateway routing servers use the Bitcoin B2B protocol to access the network providing those additional protocols. Then, they extend the network to nodes running other protocols.
While the nodes on the Bitcoin network are the same, they may take on different roles based on the functions they support. A Bitcoin node serves various purposes, including routing, the blockchain ledger, mining, and running wallet
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