Cryptocurrency Q&A
Who runs Bitcoin now?
Who runs Bitcoin now?
CryptoVanguard
Wed Dec 18 2024
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7 answers
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Currently, Bitcoin is not run by a single entity or individual. Instead, it is decentralized and managed by a network of miners and developers who contribute to its maintenance and security through the proof-of-work consensus algorithm. Key decisions and updates are made through a community-driven process involving various stakeholders.
7 answers
Eleonora
Thu Dec 19 2024
Bitcoin operates under a decentralized system.
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ShintoMystical
Thu Dec 19 2024
Developers are actively working on improving the Bitcoin software.
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KatanaBlade
Thu Dec 19 2024
This means that it is not controlled by a single entity or government.
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SolitudeNebula
Thu Dec 19 2024
However, they cannot unilaterally change the rules of the Bitcoin protocol.
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EchoChaser
Thu Dec 19 2024
Any proposed changes require the consensus of the Bitcoin community.
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