Bitcoin Is a Protocol—Here’s Why That Changes Everything
Bitcoin Is a Revolution--Here's Why That Matters
When most people hear "Bitcoin," their thoughts quickly jump to price charts, headlines and hype. Many also assume it refers to digital coins or investments or simply something only techies discuss.
But the reality is much simpler and far more significant:
Bitcoin is an emerging technology and, at its core, just a protocol.
An understanding of this one idea can transform how you view Bitcoin, the future of money and our rapidly developing digital society.
What Are Protocols, and Why Do We Utilize Them Daily)
Protocol is simply the set of rules and procedures designed to move information from one place to the next.
Your team relies on them daily.
HTTP: Displays websites when typing a URL.
SMTP: Sends email messages globally.
NFC (Near Field Communications) technology handles tap-to-pay in stores. Think of the chip in your credit card.
TCP/IP: TCP/IP forms the backbone of the internet.
These protocols don't need to be discussed or debated, in fact, you likely don't think about them at all - that is what makes them powerful! They just work - that is their real strength.
Bitcoin Works in a similar fashion.
Bitcoin is not magical or mysterious, nor is it managed by any one company or government.
The computer program runs by a set of rules that dictates how value moves across networks.
These rules must be:
Transparent, Consistent and Mathematically Enforced without being altered by political consideration.
Bitcoin is open and easy for anyone to verify - much like email and the internet do - its rules are perfect 365 days per year and anywhere around the globe.
Why Understanding This Is Essential
Bitcoin becomes hard to ignore once viewed as a protocol rather than as an investment or trend.
As our world moves more into digital form, value, property, identity and assets become digitalized. When these digital forms take form as physical items such as emails or currency transactions, their security becomes as crucial to survival as a delivery protocol would be for email messages.
Understanding Bitcoin today isn't about fast riches, rather it's about being prepared for an unpredictable future where:
Digital assets generally need protection.
Digital value transactions need a secure, neutral network environment to run smoothly.
Bitcoin is the perfect network to help Rochester residents. We Can Assist
If your business or team needs hands-on education about Bitcoin, digital value or financial literacy in Rochester, New York we are available locally to provide workshops, team training sessions and simplified explanations that work.
Final Thoughts
Unseen systems control our lives--protocols you rely on every minute. Bitcoin is simply another protocol you rely on every minute, as more research into it takes place, its future becomes clearer.
If you want to gain more information, check out our full video on the topic-- and subscribe so you won't miss the next chapter!