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One of the most commonly used words and expressions in the world of bitcoin and digital currencies is “Bitcoin Core”. Probably the first time I heard the term, confused and think you have the same core Bitcoin Bitcoin or a fork of Bitcoin.

Even users who have been familiar with Bitcoin for years and have gained experience in this field may not even know exactly what Core Bitcoin is or whether their information about it is incorrect or incomplete. This with the help of article, an article compiled from the Carney website, we give you a simple guide to know what Bitcoin Core is and how it works.

To understand what Bitcoin Blind is, it is best to first know what Bitcoin Core”is not”. So we begin this article by answering this question.

What is not bitcoin core?

In the first step, let’s get rid of some common misconceptions and misconceptions about bitcoin…

• Bitcoin is a digital currency that is core in any way: You may have heard that Kvynhayy fans that are ” hard Fork » (fork) of Bitcoin separated, Kevin China’s main block (ie bitcoin) to Bitcoin core call; But you should know that this bitcoin is not blind, and for the reasons we will explain later, using such a name for bitcoin is misleading.
• There is an external bitcoin: You may have heard that some people say that bitcoin does not exist; But these people are wrong; Because there is core bitcoin; In the continuation of this article, we will say how and where!
• Bitcoin Blind is not the name of the Bitcoin development team: You may have heard that Bitcoin Core is the name of one of the Bitcoin development teams. Well, that’s not true either; However, it is a little closer to the truth than the previous two misconceptions.

Now that we know the misconceptions, we can see what core bitcoin is. To do this, it might be best to look at the history of blind bitcoin and how it relates to bitcoin itself

In English texts, when we talk about bitcoin with the letter B (big), we mean the organization and software of the China block behind the digital currency of bitcoin, and when we talk about bitcoin with the letter b (small), we mean the digital currency of bitcoin itself. Is that people buy and sell it.

Both software and digital currency appeared in the late 2000s; Although Bitcoin’s digital currency is still the original currency, as you can guess, its software has changed.

The Bitcoin Infrastructure Network Protocol was released in 2008. The protocol, called Bitcoin 0.1, became operational in 2009; But in the early years, many developers became involved with the Bitcoin network.

If you look again at the definition of the two terms we mentioned earlier, you will notice that bitcoin with the letter B (capital) refers to the organization or network bitcoin, as well as the blockchain software or client bitcoin. On the other hand, we have the word bitcoin with the letter b (small), which means the same as currency bitcoin. This is where the letters and the concepts they refer to come in a little bit of confusion.

As a result, Gavin Andersen, one of Bitcoin’s leading developers, accepted the offer and, to make everything clear to everyone, agreed to use the name Bitcoin Blind for the client software; Because this software is the core of the Bitcoin network, which in turn is the platform of the digital currency bitcoin.

That is, there is an organization or network called the Bitcoin Network that has a piece of software at its core called “Bitcoin Core ” and all of this has worked so well that we now have the Bitcoin digital currency.

With this description, we now understand what Bitcoin core is and where it got its name from; But the question is, how does Bitcoin core work? Let’s take a look at this together.

How to run Blind Bitcoin

Bitcoin Core is a client that runs on the Bitcoin network protocol. You do not have to use core bitcoin to send or receive bitcoins. You can use other software, But blind bitcoin can also be used for this purpose.

To send and receive bitcoins, there is an integrated core bitcoin wallet inside the client. This wallet can be used to send and store bitcoins.

But some cases make core bitcoin an undesirable option for sending, receiving, and storing bitcoins. First, bitcoin is very heavy; It is about 340 GB in size, and to use it you must have a personal computer with very high storage space.

Second, to send and receive bitcoins, you must sync your wallet with the network. This takes a lot of time and you will probably have to wait at least two days for your wallet to match all of the Bitcoin blockchain data. Of course, syncing is only required once. After which you can send and receive bitcoins without having to sync again.

Mining with Blind Bitcoin

You can core the bitcoin wallet to extract also use the bitcoins. This can be profitable, But it requires a lot of energy and time. The steps to do this are as follows.

• Open a wallet in Bitcoin Blind;
• Click Help and select Debug Window;
• Click on the Console tab and type “set generate true 1” to use only one of your computer’s processor cores;
• Type “set generate false” to stop the extraction.

Of course, you need to know that you need a very powerful computer to extract bitcoins. Years ago you could extract bitcoins with a home PC; But as the number of coins in circulation increases, the calculations required in the bitcoin network become more difficult and require more energy. As a result, miners extracted from special devices that Miner (miner) says they use.

Some people have also set up facilities where a large number of miners are extracting bitcoins with very high total power. Therefore, it no longer makes sense to use a personal computer to extract bitcoins. Hence the many concerns about the environmental impact of bitcoin mining.

However, knowing that core bitcoins can be used to extract, send, receive and store bitcoins is not without merit.

Security

One of the most important things to consider about Bitcoin Blind is its security. The core bitcoin system and wallet are as secure as the computer on which they are installed. Although you can only attach one address to your wallet, you still need to make sure you take the usual anti-theft measures to secure your computer.

The Bitcoin website says people should back up their ( keys public and key private keys); Make sure their wallet is safe; Have an offline wallet for high bitcoin amounts. Observe security warnings and consider measures so that if they die or become disabled, their heirs can receive bitcoins. Users must also comply with the requirements for computer systems.

People behind the scenes

As you read in the previous sections, we said that some people think that Bitcoin Blind is the name of one of the Bitcoin development teams. And we pointed out that although this statement is not very accurate and correct, it is not completely wrong.

The reason for this is very simple:

There is a team of developers, programmers, and other techies on the GitHub website dedicated to Bitcoin.

Although none of this is formal and organized, this community already exists, and its presence, as well as the effort these people make on this website, has led some to use some of the names Bitcoin Blind for this community.