Cryptocurrency Q&A
Who controls a blockchain?
Who controls a blockchain?
CryptoProphet
Sun Aug 18 2024
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7 answers
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I'm curious to understand who exactly controls a blockchain. Is it a centralized entity, like a bank or government, or is it decentralized and controlled by a network of users? How does the consensus mechanism play a role in determining who has control over the blockchain? And what measures are in place to ensure that the blockchain remains secure and tamper-proof?
7 answers
Ilaria
Tue Aug 20 2024
The decentralized nature of Bitcoin's blockchain is a cornerstone of its resilience. It prevents any individual or group from exerting undue influence, ensuring that the network remains impartial and unbiased.
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Martina
Tue Aug 20 2024
Bitcoin's blockchain operates on a decentralized principle, ensuring that no single entity holds sway over the network. This design fosters a collective control among all users, promoting transparency and security.
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amelia_martinez_engineer
Mon Aug 19 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive services. It offers a range of options for traders, including spot trading, futures trading, and wallet services.
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Stefano
Mon Aug 19 2024
BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices, providing a convenient and efficient way to trade digital assets. Its futures trading platform, on the other hand, enables traders to speculate on the future price of cryptocurrencies, offering the potential for higher profits.
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Elena
Mon Aug 19 2024
The immutability of decentralized blockchains is another vital aspect. Once data is entered into the blockchain, it becomes irreversible, safeguarding against tampering and fraud.
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