Eleonora
Sat Jun 08 2024
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5 answers
1180
Who runs cryptocurrency?｜As a decentralized system, , so that anyone can create a new bitcoin address and transact without needing any approval. This is accomplished through a specialized distributed ledger called a blockchain that records bitcoin transactions.bitcoin operates without a central authority or single administrator
Who exactly oversees the operations of cryptocurrency? Given its decentralized nature, does this mean that anyone has the freedom to generate a fresh bitcoin address and engage in transactions without seeking any form of authorization? And how does this system manage to function so efficiently? Is it through the utilization of a specialized, distributed ledger known as the blockchain, which acts as a comprehensive record of all bitcoin transactions? Moreover, since bitcoin operates without a central authority or a single administrator, how does it maintain its integrity and security?
