Cryptocurrency Q&A
Where is the blockchain stored?
Where is the blockchain stored?
Carlo
Wed Dec 18 2024
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5 answers
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I'm wondering about the physical location of blockchain data. Is it stored locally on individual devices or is it hosted on some kind of central server? I'd like to know where exactly the blockchain information is kept.
5 answers
MysticGalaxy
Fri Dec 20 2024
Once verified, the new block is appended to the existing blockchain, and every computer on the network updates its copy to reflect this addition. This ensures that all nodes have an identical and up-to-date version of the blockchain.
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Maria
Fri Dec 20 2024
Blockchain technology operates in a decentralized manner, eliminating the need for a central repository of information. This means that all data related to transactions and other activities are not stored in a single location.
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NebulaChaser
Fri Dec 20 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that leverage blockchain technology. Among these are spot trading, futures trading, and wallet services. The exchange provides a platform where users can buy, sell, and trade digital assets securely and efficiently.
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Sebastiano
Fri Dec 20 2024
Instead, the blockchain is duplicated and distributed across a vast network of computers, known as nodes. Each node maintains a copy of the blockchain, ensuring that the information is widely available and accessible.
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StormGlider
Fri Dec 20 2024
The process of updating the blockchain is highly collaborative. Whenever a new block, which contains a set of transactions, is created and added to the chain, it must be verified by a consensus mechanism among the network nodes.
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