Cryptocurrency Q&A
Who confirms Bitcoin transactions?
Who confirms Bitcoin transactions?
Lorenzo
Sat Nov 30 2024
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5 answers
1611
I'm wondering about the process of Bitcoin transactions. Specifically, I want to know who is responsible for confirming these transactions in the Bitcoin network.
5 answers
KimchiQueen
Mon Dec 02 2024
Following verification, the block is appended to the blockchain, which serves as a public ledger of all Bitcoin transactions.
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RainbowlitDelight
Mon Dec 02 2024
The process of mining Bitcoin involves solving a unique mathematical challenge known as a proof of work.
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KpopStarlight
Mon Dec 02 2024
Each newly added block reinforces the security and integrity of the blockchain.
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VoyagerSoul
Mon Dec 02 2024
Miners utilize complex algorithms and computational power to attempt to solve this puzzle.
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GyeongjuGlorious
Mon Dec 02 2024
Once a miner successfully solves the proof of work, the Bitcoin Network verifies their block.
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