Cryptocurrency Q&A
Who controls crypto money?
Who controls crypto money?
EclipseRider
Tue Aug 27 2024
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6 answers
927
Good day, I'm curious about something related to cryptocurrency. I've been hearing a lot about it lately and I'm trying to wrap my head around some of the basics. Specifically, I'm wondering - who exactly controls crypto money? Is it a centralized entity, like a government or a bank? Or is it decentralized, with no single authority in charge? I'd appreciate any clarification you can provide on this matter. Thank you in advance for your time and expertise.
6 answers
Dario
Thu Aug 29 2024
Each distinct cryptocurrency possesses its own blockchain, ensuring a unique and secure record of every transaction conducted using that particular currency.
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emma_grayson_journalist
Thu Aug 29 2024
A cryptocurrency blockchain functions akin to a traditional bank's balance sheet, serving as a comprehensive ledger for transactions.
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HallyuHeroLegend
Wed Aug 28 2024
Participation in the blockchain ecosystem is open to anyone, regardless of their background or location, promoting inclusivity and accessibility.
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Riccardo
Wed Aug 28 2024
This blockchain operates continuously, with each transaction being meticulously verified and recorded, providing an unalterable history.
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Martina
Wed Aug 28 2024
The decentralized nature of blockchains means that no single entity, be it a company, country, or third party, exercises control over them.
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