Cryptocurrency Q&A Who controls blockchain network?

Who controls blockchain network?

Martino Martino Fri Nov 08 2024 | 6 answers 1399
I'm curious about the blockchain network and who exactly has control over it. Is it centralized or decentralized, and who are the key players involved in its operation and management? Who controls blockchain network?

6 answers

GangnamGlitter GangnamGlitter Sun Nov 10 2024
A blockchain has the capacity to store a variety of information.

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SeoulSerenitySeeker SeoulSerenitySeeker Sun Nov 10 2024
Among its many applications, the most prevalent one is as a ledger for transactions.

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mia_rose_painter mia_rose_painter Sun Nov 10 2024
When it comes to Bitcoin, the blockchain technology behind it is decentralized.

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BlockchainBaroness BlockchainBaroness Sun Nov 10 2024
This decentralization ensures that no single individual or entity holds sway over the network.

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Tommaso Tommaso Sun Nov 10 2024
Instead, control is vested in the collective hands of all users participating in the blockchain.

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