7 The Bitcoin Network and Payments

In this chapter, we'll present the Bitcoin network, relevant network protocols, and wallets. We will explore different types of wallets that are available for Bitcoin. Moreover, we will examine how the Bitcoin protocol works, as well as the types of messages that are exchanged between nodes during various node and network operations. Also, we will explore some advanced and modern Bitcoin protocols that have been developed to address limitations in the original Bitcoin. Finally, we'll give you an introduction to Bitcoin trading and investment.

We will start with a detailed introduction to the Bitcoin network.