Crypto Terms:
Letter B
What is Bitcoin Core?
Meaning:
Bitcoin Core -
a piece of software that allows running nodes.
Let's find out Bitcoin Core meaning, definition in crypto, what is Bitcoin Core, and all other detailed facts.
Bitcoin Core is open-source software that enables users to connect to the Bitcoin network and run nodes. This means that users can validate blocks and verify transactions independently. In turn, a trustless environment is guaranteed.
Moreover, Bitcoin Core functions as a cold wallet. Users can also link their external wallets and validate their transactions.
Frequent Bitcoin users can benefit from running Bitcoin Core. It offers enhanced privacy and security features. Users that run Bitcoin Core can avoid some disadvantages related to software wallets that interact with third-party servers which leaves their IP address exposed.
It was launched in 2009 by Satoshi Nakamoto under the name Bitcoin. In order to avoid mix-ups with the Bitcoin cryptocurrency, it was renamed Bitcoin Core in 2014.
Bitcoin Core is constantly updated by the Core development team that operates in a completely decentralized way. Many of the developers choose to remain anonymous just like the creator of Bitcoin.
Bitcoin (BTC)<\/strong><\/a> market capitalization within the entire cryptocurrency market.<\/p>\n<p>Bitcoin was the first cryptocurrency in the world. It was developed by an <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-anonymous/">anonymous person (or people) known by the pseudonym <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-satoshi-nakamoto/">Satoshi Nakamoto<\/strong><\/a> and launched in 2009. Bitcoin was the first <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain-based development, and its functionality is based on the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-whitepaper/">whitepaper published prior to its launch.<\/p>\n<p>Bitcoin is built on the concept of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralization/">decentralization, though some international regulations have caused it to become more centralized than initially anticipated.<\/p>\n<p>Bitcoin is the biggest and most valuable cryptocurrency in the world by market capitalization. In recent years, Bitcoin has lost some of its dominance in the market due to the development of new cryptocurrencies and the rising popularity of <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-ethereum-eth/">Ethereum (ETH)<\/strong><\/a>, the cryptocurrency with the second-biggest market cap at the time of writing.<\/p>\n<p>Bitcoin’s market share in 2013 was 94%. In comparison, by 2017, it had reduced to 85.4%, while its main market competitor ETH had a 5.7% at the time. Bitcoin’s dominance has been progressively lowering over the years. At the time of writing, it stands at 43.43%, having halved in roughly five years.<\/p>\n<p>Bitcoin is estimated to maintain an increasingly lower market share as new tokens and cryptocurrencies are introduced into the market, and coins using the more sustainable <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake consensus algorithm gain more traction.<\/p>\n<p>However, Bitcoin still maintains influence on the cryptocurrency market. This can be seen by analyzing the charts, as any changes to the BTC price are reflected in the other cryptocurrencies, whether they are going upwards or downwards.<\/p>\n<p>Bitcoin’s global recognizability has led to increased accessibility to cryptocurrencies overall. Crypto, with Bitcoin at the forefront, has become an acceptable payment method in some online spaces. Software and hardware developments like <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-hot-wallet/">hot and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cold-wallet/">cold wallets<\/strong><\/a> have made crypto holding easy. Crypto has also been used as a method to pay wages.<\/p>\n<p>Each BTC transaction is recorded on the network and is publicly accessible. However, the information about the parties involved in the transaction is kept completely confidential. The only information that is accessible is the transaction amount and the addresses of the wallets used. Everything else is anonymous.<\/p>\n<p>The anonymity aspect has made Bitcoin very popular on the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-dark-web/">darknet. Cryptocurrencies have been used in transactions that involve narcotics, guns, or illegal goods. Bitcoin was used as the preferred payment method on the darknet black market <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-silk-road/">Silk Road<\/strong><\/a>. This has left a dent in Bitcoin’s reputation. Despite this, crypto is becoming increasingly popular.<\/p>","definition":"a metric used to show what share of the cryptocurrency market cap is owned by Bitcoin.","status":"published","meta_title":"What is Bitcoin Dominance (BTCD)? Definition & Meaning | Crypto Wiki","meta_description":"Bitcoin Dominance (BTCD) meaning: Bitcoin Dominance (BTCD) - a metric used to show what share of the cryptocurrency market cap is owned by Bitcoin.","meta_keywords":null}"
:prev-section="{"id":90,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Bitcoin_ATM","level":"easy","author_id":1,"created_at":"2023-06-19T06:58:59.000000Z","updated_at":"2024-01-01T08:25:53.000000Z","slug":"what-is-bitcoin-atm-btm","title":"What is Bitcoin ATM (BTM)?","section":"B","keyword":"Bitcoin ATM (BTM)","content":"<p><strong>ATMs might refer to the traditional cash machines for some, and they aren’t wrong for the most part.<\/strong> Bitcoin ATMs work in a similar way, nonetheless, users aren’t obligated to reveal their bank account information. Instead, they are given layers of selections for exchanging Bitcoin for <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat money and vice versa.<\/p>\n<p>The very first Bitcoin ATM might be launched back in 2013, in Vancouver, Canadian city. At a coffee shop, to be exact. In 2020 there are already about <strong>2,500 ATMs<\/strong> in the U.S. The main spots are airports, rail stations, shops, and cafes.<\/p>\n<p>Those who want to use ATMs in their businesses must first execute a contract with the supplier. The device will then be installed by the supplier. Besides, there is an increasing number of suppliers available. These companies or individuals can provide a variety of services, such as one-way or two-way hardware, as well as client retention programs and coupons.<\/p>\n<p>There are several types of BTMs on the market. BTM is a Bitcoin automated teller machine that assists users in purchasing bitcoins using fiat currency. In addition, a <strong>two-way BTM is more expensive than a one-way one.<\/strong><\/p>\n<p>Despite their rising popularity, <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">Bitcoin ATMs have received some criticism for their transaction costs. Canada and the United Kingdom have investigated Bitcoin ATM functionalities. Furthermore, the U.S. Consumer Financial Protection Bureau issued a warning to consumers concerning the exchange rates and costs.<\/p>\n<p>BTMs are not linked to a user's bank account, rather, they are internet-enabled platforms that allow consumers to interact with a particular exchange. <\/p>","definition":"Bitcoin ATM is a teller machine that enables users to purchase or sell Bitcoin using fiat currency.","status":"published","meta_title":"What is Bitcoin ATM (BTM)? Definition & Meaning | Crypto Wiki","meta_description":"Bitcoin ATM (BTM) meaning: Bitcoin ATM (BTM) - Bitcoin ATM is a teller machine that enables users to purchase or sell Bitcoin using fiat currency.","meta_keywords":null}"
:model="{"id":950,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Bitcoin_Core","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2024-01-01T08:26:02.000000Z","slug":"what-is-bitcoin-core","title":"What is Bitcoin Core?","section":"B","keyword":"Bitcoin Core","content":"<p><strong>Bitcoin Core<\/strong> is <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-open-source/">open-source software that <strong>enables users to connect to the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-bitcoin/">Bitcoin network and run <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-node/">nodes. This means that users can validate blocks and verify transactions independently. In turn, a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-trustless/">trustless environment is guaranteed.<\/p>\n<p>Moreover, Bitcoin Core functions as a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cold-wallet/">cold wallet<\/strong><\/a>. Users can also link their external wallets and validate their transactions.<\/p>\n<p>Frequent Bitcoin users can benefit from running Bitcoin Core. It offers <strong>enhanced privacy<\/strong> and <strong>security<\/strong> features. Users that run Bitcoin Core can avoid some disadvantages related to <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-software-wallet/">software wallets<\/strong><\/a> that interact with third-party servers which leaves their IP address exposed. <\/p>\n<p>It was launched in 2009 by <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//who-is-satoshi-nakamoto/">Satoshi Nakamoto<\/strong><\/a> under the name Bitcoin. In order to avoid mix-ups with the Bitcoin cryptocurrency, it was renamed Bitcoin Core in 2014.<\/p>\n<p>Bitcoin Core is constantly updated by the Core development team that operates in a completely decentralized way. Many of the developers choose to remain anonymous just like the creator of Bitcoin.<\/p>","definition":"a piece of software that allows running nodes.","status":"published","meta_title":"What is Bitcoin Core? Definition & Meaning | Crypto Wiki","meta_description":"Bitcoin Core meaning: Bitcoin Core - a piece of software that allows running nodes.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration 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current-chapter="B"
current-section="what-is-bitcoin-core">
