It's an intriguing question indeed: how does Bitcoin, a digital currency based entirely on decentralized technology, function in the absence of the Internet? The core of Bitcoin's operation relies on a network of nodes, which facilitate transactions and validate them through a consensus mechanism called Proof of Work. However, without the Internet, these nodes cannot communicate with each other, thus hindering the propagation of transactions and the creation of new blocks in the blockchain. In theory, a local network or a direct peer-to-peer connection could potentially allow
Bitcoin transactions to occur, but the lack of global connectivity would severely limit its scalability and practicality. So, in essence, Bitcoin's decentralized nature and reliance on network participation make it challenging to operate effectively without the Internet.
6 answers
BusanBeauty
Mon Jul 08 2024
This network functions as a decentralized ledger, recording all transactions publicly and securely.
amelia_harrison_architect
Mon Jul 08 2024
Without the Internet, the interconnectivity between the thousands of computers involved in Bitcoin mining would be severed.
SumoStrength
Mon Jul 08 2024
Bitcoin mining is a process where computers compete to solve complex mathematical problems to validate transactions and secure the network.
EchoWave
Mon Jul 08 2024
The Internet serves as a pivotal channel for disseminating Bitcoin transactions across the blockchain network.
Giuseppe
Mon Jul 08 2024
The successful miner is rewarded with Bitcoin for their efforts, and the transaction is added to the blockchain.