Analysis of concrete architecture of Bitcoin Core

Abstract

Bitcoin Core serves as the foundational software responsible for verifying and validating all transactions and blocks within the Bitcoin blockchain, hence upholding the security and integrity of the whole Bitcoin network. This study extensively examines the internal mechanisms, structure, and conceptual framework of Bitcoin Core. This study aims to conduct a comprehensive analysis of the Bitcoin Core architecture, with a focus on evaluating its capacity to fulfill the rigorous demands of a decentralized Bitcoin network. This study not only provides a comprehensive understanding of the essential elements that drive the Bitcoin network, but it also explores the numerous factors that have a substantial impact on the operational availability of Bitcoin nodes. All of these factors are essential for ensuring the efficient operation of the Bitcoin network, encompassing the physical environment, architectural designs of nodes, and maintenance requirements. This study provides a comprehensive analysis of the underlying mechanisms of Bitcoin, shedding light on its inherent robustness and the factors that contribute to its consistent performance within the ever-changing landscape of digital currencies. The objective of this endeavor is to furnish a detailed exposition of the mechanics of Bitcoin, so enhancing its prevalence and familiarity among individuals.