Cryptocurrency Q&A
Who is running Bitcoin network?
Who is running Bitcoin network?
Claudio
Thu Nov 28 2024
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5 answers
1400
I want to know who operates the Bitcoin network. Is it a central authority or a decentralized group? Who are the people or entities responsible for maintaining and running the Bitcoin network?
5 answers
Matteo
Sat Nov 30 2024
Bitcoin operates as a decentralized system, eliminating the need for a central authority or single administrator.
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MountFujiView
Sat Nov 30 2024
This decentralized nature allows individuals to create new bitcoin addresses and conduct transactions without requiring any approval.
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alexander_clark_designer
Sat Nov 30 2024
The process of transacting in Bitcoin is facilitated by a specialized technology called a blockchain.
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NebulaChaser
Fri Nov 29 2024
A blockchain is a distributed ledger that records all bitcoin transactions in a secure and transparent manner.
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Arianna
Fri Nov 29 2024
By leveraging the blockchain, Bitcoin ensures that all transactions are accurately tracked and verified, fostering trust and security among users.
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