Tag: maintained network computers

Bitcoin Is An Example Of Which Type Of Blockchain

What is Bitcoin? Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for […]

Why Can’t Bitcoin Be Replicated

Bitcoin is a unique digital asset that has been created through a process called “mining.” Bitcoin cannot be replicated because it is based on a unique protocol that is not controlled by any single individual or organization. The Bitcoin protocol is based on a digital ledger called the blockchain. The blockchain is a public record […]

Where Is The Bitcoin Blockchain Stored

Bitcoin is a decentralized cryptocurrency that uses a public ledger called a blockchain to record transactions. Bitcoin is unique in that there is a finite number of them: 21 million. The blockchain is a distributed database that allows for transparency and security. The blockchain is stored in a number of locations, but the most popular […]