Cryptocurrency Q&A
Where does Bitcoin reside?
Where does Bitcoin reside?
Marco
Sun Dec 22 2024
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7 answers
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I'm trying to understand the concept of Bitcoin's existence. Is it stored somewhere physically, like traditional currencies, or does it have a different form of existence? Where does Bitcoin actually reside?
7 answers
Alessandra
Tue Dec 24 2024
Bitcoin operates on a peer-to-peer network.
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TaekwondoMasterStrengthHonorGlory
Tue Dec 24 2024
Nodes play a crucial role in the Bitcoin ecosystem.
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SolitudeSerenade
Tue Dec 24 2024
Unlike traditional systems, it doesn't rely on a centralized server.
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LightningStrike
Tue Dec 24 2024
Instead, Bitcoin exists on the devices of users who choose to run the software.
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Bianca
Tue Dec 24 2024
These devices are collectively known as nodes.
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