Cryptocurrency Q&A Who controls the network?

Who controls the network?

BonsaiVitality BonsaiVitality Tue Jul 23 2024 | 5 answers 611
Could you please clarify who exactly has control over the cryptocurrency network? Is it a central authority, like a government or a bank, or is it decentralized, with no single entity in charge? If it's decentralized, how does the network ensure that transactions are valid and secure? And, who is responsible for making changes or updates to the network? I'm curious to understand the governance structure and decision-making process within this system. Who controls the network?

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