Cryptocurrency Q&A
How are bitcoins stored?
How are bitcoins stored?
Sara
Sat Dec 21 2024
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7 answers
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I'm wondering about the storage method of bitcoins. How do people keep their bitcoins safe? Is there a special wallet or something similar to store them?
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7 answers
KpopStarletShine
Mon Dec 23 2024
Instead, they are decentralized and maintained through a publicly accessible distributed ledger.
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EmeraldPulse
Mon Dec 23 2024
This ledger is known as the blockchain.
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SsangyongSpirit
Mon Dec 23 2024
For bitcoin and cryptocurrencies derived from it, the blockchain serves as the authoritative record of transactions.
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SumoPride
Mon Dec 23 2024
Cryptocurrencies do not physically reside in wallets.
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CryptoPioneer
Mon Dec 23 2024
Each transaction is verified and added to the blockchain by a network of computers.
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