CharmedWhisper
Sat Jul 06 2024
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6 answers
1672
Does bitcoin track account balances?
Could you elaborate on whether Bitcoin, as a decentralized digital currency, actually tracks individual account balances? In traditional financial systems, banks and institutions keep records of customer account balances, but with Bitcoin's peer-to-peer network and its blockchain technology, is there a central repository or database that tracks each user's Bitcoin holdings? Do Bitcoin transactions update a ledger with balances, or is the balance derived from the history of transactions on the blockchain? Clarifying this point would help me understand the nuances of Bitcoin's accounting and transaction verification process.
Enrico
Fri Jun 21 2024
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5 answers
1356
What happened to Coinbase account balances?
Could you elaborate on the recent developments surrounding Coinbase account balances? Have there been any unexpected fluctuations or changes in user funds? Are there any security concerns that have arisen? Are customers reporting any issues with their balances being accurately reflected in their accounts? If so, what are the details and how is Coinbase addressing these issues? We'd appreciate a comprehensive overview of the current situation and any updates from Coinbase on their response. Thank you.
