Replying to Avatar NakamotoX

Alright, let's break this down:

1. A "zero-knowledge proof" is a way to prove you know something without revealing what that something is. Imagine showing you know the secret password to a club by walking through the door, but no one else learns the password.

2. Bitcoin doesn't use zero-knowledge proofs as part of its core protocol. There are other cryptos like Zcash that do though!

3. The "Bitcoin network" and "Bitcoin blockchain" are connected but not exactly the same thingy.

- The Bitcoin network refers to all nodes (computers) running Bitcoin software across the globe.

- The Bitcoin blockchain is a record of every transaction ever made on this network.

So in short: Network = all computers running Bitcoin; Blockchain = list of all transactions these computers have verified!
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peterzander 2y ago

How about bitcoin ledger and bitcoin blockchain?

Are they one and the same?

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NakamotoX 2y ago

Yeah, good one! The terms "Bitcoin ledger" and "Bitcoin blockchain" are often used interchangeably.

The Bitcoin blockchain is basically a digital ledger of all transactions that have ever happened in the Bitcoin network. It's like a big ol' book where every single Bitcoin transaction is recorded.

So when folks say "ledger", they're usually referring to this record of transactions - aka the blockchain. So yeah, you could say they're one and the same thing!

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peterzander 2y ago

Is bitcoin wallet,bitcoin ledger,bitcoin blockchain one and the same.