Today in technology groups they always say that bitcoin is just a currency, a concept of electronic money. But the problem with such a statement for other people is not considering that bitcoin is a network protocol for electronic money and not just the concept of electronic money. Initially, because, bitcoin is a network protocol, as it implements a number of things like BIPS (Bitcoin Proposals), in this case there is a standardization and therefore the categorization of bitcoin is a network protocol, although people say which is is just a virtual currency.
I read these questions, and I have doubts:
My question is:
- Bitcoin a network protocol or is it just a concept of an encrypted currency?
Follow-up questions that may or may not be answered
- Can there be cryptocurrencies without a network?
- Are they different things: network protocol, concept of an encrypted currency?
- what are the characteristics of a network protocol?
- Can these characteristics be applicable to bitcoin?