Bitcoin architecture

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Bitcoin Architecture. The Bitcoin network could be viewed as the key component of a specialized financial system, the Bitcoin Financial. Bitcoin is a decentralized digital currency without the control of central banks. Its total monetary supply is fixed at. The network requires minimal structure to share transactions. An ad hoc decentralized network of volunteers is sufficient. Messages.

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Only one connection is needed to bootstrap, because the first node can offer introductions to its peer nodes and those peers can offer further introductions. Therefore, any existing bitcoin nodes can be selected at random. Bitcoin is structured as a peer-to-peer network architecture on top of the internet.