Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Understanding Bitcoin as a System (systems theory perspective)

The Bitcoin System

The mindmap is my attempt to show the components of what I am calling the "Bitcoin System". It attempts to show the key components that make up Bitcoin as an operating technology.

My motivation is to obtain a better understanding of Bitcoin as a system (system: a group of interacting, interrelated, or interdependent elements forming a complex whole).

In particular, these elements are the things I believe anyone wanting to be knowledgeable about Bitcoin should have some (at least cursory) understanding. And they are the things you would look at on a regular basis to have a sense of how Bitcoin is evolving over time.

I am looking for the following feedback:

  1. What's missing?
  2. And at the same time, what does not belong?
  3. Can the elements be better presented or simplified to aid understanding?
  4. Anything else worthy of comment?

Once I have the feedback I will update the mindmap and show it to the Bitcoin community.

Andrew Sheppard, June 2023

The Bitcoin System



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