charlotte_anderson_explorer
Mon Jul 15 2024
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6 answers
1500
Is bitcoin a networked currency?
Could you elaborate on the question "Is Bitcoin a networked currency?" I'm interested in understanding the key aspects that define a currency as "networked." Does Bitcoin fulfill these criteria? Does it rely on a decentralized network of computers to operate? Does it allow for peer-to-peer transactions without the need for a central authority? Also, how does its network architecture impact its functionality as a currency? I'd appreciate a concise yet comprehensive explanation of why or why not Bitcoin should be considered a networked currency.
