Bitcoin
Bitcoin (in the sense of currency – lower case) performs two functions:
- regarding the entire payment system and
- how to implement it using a digital token.
The bitcoin system was designed by Satoshi Nakamoto (CCH: I put it between fairy tales a long time ago) in such a way that direct transactions peer-to-peer (P2P) between users are possible, i.e. without the intermediation of the so-called a third party (e.g. a bank).
Manifest Satoshi Nakamoto
https://bitcoin.org/bitcoin.pdf
Bitcoin blockchain explorer
https://explorer.bitcoin.com/btc
Bitcoin address
There are different formats of Bitcoin addresses. The original format is called Legacy format. SegWit and Native-Segwit addresses are further developments and primarily provide cost advantages.
- Legacy addresses start with the digit “1“;
- SegWit addresses start with a “3“;
- Native-SegWit addresses start with “bc1“.