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Who can change Bitcoin’s core protocol?

By Guardian Nigeria
18 July 2022   |   8:55 pm
This digital asset is a consensus network that enables a new payment system and digital money. This digital money that Satoshi Nakamoto created is the first decentralized peer-to-peer payment network powered by users with no central authority or intermediaries. On top of that, there are exchanges like Bitcoin Era that facilitate buying and trading this digital asset. Moreover,…

This digital asset is a consensus network that enables a new payment system and digital money. This digital money that Satoshi Nakamoto created is the first decentralized peer-to-peer payment network powered by users with no central authority or intermediaries. On top of that, there are exchanges like Bitcoin Era that facilitate buying and trading this digital asset.

Moreover, the Bitcoin network is controlled by all Bitcoin users worldwide. While developers improve the software, they can’t force any change to the Bitcoin protocol. That’s because all users are free to choose what software and version they use. This virtual asset can only work correctly with a complete consensus among all users. Consequently, all users and developers have a solid incentive to protect this consensus. 

History of Bitcoin core
A Bitcoin Core is the reference implementation of Bitcoin. This Bitcoin core is essential for developing the Bitcoin protocol rather than as a point of command and control. If this virtual asset ceased to exist for any reason, a new focal point would emerge- the technical communications platform whose basis is a matter of convenience rather than project integrity. Bitcoin has already shown its developmental change focal points, including names and venues. 

In early 2009, Bitcoin’s source code project was simply a rar file hosted on SourceForge. Early developers would exchange code patches with Satoshi via email.

On October 30, 2009, Sirius created a Bitcoin subversion repository project on SourceForge. The Bitcoin project moved to GitHub from SourceForge in 2011. Later on, in 2014, the Bitcoin project was renamed Bitcoin Core.

The Bitcoin Core follows principles of least privilege: Abuse of any power bestowed to individuals leads to its subversion. Bitcoin has a lot of testing code, an integration test suite running against PR, and an extended test suite running every night on main. 

How to Run Bitcoin Core
Bitcoin core is similar to a client that runs on the Bitcoin protocol. You do not have to use it to send or receive Bitcoins; you could use other software, but it is an option. Bitcoin core wallet integration in the client facilitates sending and receiving. You can also use this wallet to transfer and store Bitcoin. 

Nonetheless, there are some things worth noting about the wallet. One, it is pretty extensive, with around 400 gigs; you need a PC or Mac with plenty of storage space. Two, you will need to synchronize your wallet to the network, which can take a long time. Consequently, you will have to wait at least two days for a match-up. Luckily, the synchronization only needs to occur once, and you are good to go when complete. 

People behind Bitcoin Core
 Developers, programmers, and other tech-oriented individuals form a closely linked team on GitHub software development. And these devote themselves to working with Bitcoin Core. Despite not being official, it is not something with proper organization. The community’s existence and presence, as well as the work people put in on the site, means users have started using Bitcoin core to refer to the community. However, this is not the real meaning of Bitcoin Core but it is easy to see why people use the phrase. Consequently, knowing what context people use Bitcoin Core is essential.

Conclusion
There is a difference between Bitcoin Core and Bitcoin. Bitcoin Core is the software, while Bitcoin is the network. The most popular client and software implementation of total nods is the Bitcoin Core software project.