Summary

In this chapter, we discussed the basics of Bitcoin, its history, and its pricing in comparison to fiat currency. We also discussed Bitcoin addresses, their encoding, their transaction types, and blocks. Finally, we discussed the Bitcoin network and the types of nodes the network contains. 

Now that we have discussed the world's first cryptocurrency in this chapter, in the next chapter, we will discuss various other cryptocurrencies that were inspired by Bitcoin and are also known as alternative currencies. We will discuss the alt-currencies, which are sometimes also called Altcoins.