Cryptocurrency Q&A
Who verifies Bitcoin?
Who verifies Bitcoin?
BonsaiBeauty
Wed Nov 27 2024
|
7 answers
1232
I'm wondering who is responsible for verifying Bitcoin transactions. Is it a central authority or is it done through some kind of decentralized system? I'd like to understand the process behind it.
7 answers
StormGlider
Fri Nov 29 2024
These complex computations serve as a means to verify transactions on the blockchain.
Was this helpful?
356
34
DondaejiDelightfulCharmingSmile
Fri Nov 29 2024
Proof of Work represents a consensus mechanism utilized in blockchain networks.
Was this helpful?
46
83
GyeongjuGloryDaysFestival
Fri Nov 29 2024
Miners play a crucial role in Proof of Work systems by solving intricate mathematical problems.
Was this helpful?
325
36
Ilaria
Thu Nov 28 2024
These coins are pledged as collateral, known as "staking," to ensure the integrity of the network.
Was this helpful?
57
99
Daniele
Thu Nov 28 2024
Bitcoin is a prominent blockchain network that operates on the Proof of Work principle.
Was this helpful?
68
39
Load 5 more related questions
