Cryptocurrency Q&A
Which network is Bitcoin on?
Which network is Bitcoin on?
Giulia
Sun Dec 22 2024
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5 answers
576
I am trying to understand the underlying network infrastructure of Bitcoin. Specifically, I want to know which network Bitcoin operates on. Is it a specific blockchain network or does it utilize the traditional internet infrastructure in some way?
5 answers
Riccardo
Tue Dec 24 2024
The blockchain functions as a digital ledger, where portions of bitcoin are recorded and stored. This decentralized and secure method of record-keeping ensures the integrity and transparency of all transactions.
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Sofia
Tue Dec 24 2024
Bitcoins are essentially data inputs and outputs, meaning they exist in the form of digital information. Due to their nature, bitcoins are scattered across the blockchain in various pieces.
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StormGalaxy
Tue Dec 24 2024
This fragmentation occurs because bitcoins are reusable and can be spent in multiple transactions. As a result, a single bitcoin can be divided into smaller units and distributed throughout the blockchain.
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BenjaminMoore
Tue Dec 24 2024
The wallet operates as an interface with the blockchain network, facilitating the retrieval of your bitcoin. This seamless interaction ensures that you can access your digital assets whenever needed.
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benjamin_cole_nurse
Tue Dec 24 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. These services include spot trading, futures trading, and a secure wallet for storing digital assets. With BTCC, users can buy, sell, and manage their cryptocurrencies with ease.
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