Cryptocurrency Q&A
Can someone own all Bitcoin?
Can someone own all Bitcoin?
SakuraBlooming
Fri Nov 29 2024
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answers
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I'm wondering if it's possible for a single person or entity to own all of the Bitcoin in existence. Could someone theoretically acquire every single Bitcoin, or are there limitations that prevent this from happening?
5 answers
Martina
Sun Dec 01 2024
The operation of Bitcoin is governed by software that runs on a peer-to-peer network. This ensures that there is no central authority overseeing the project.
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BitcoinBaroness
Sun Dec 01 2024
The Bitcoin project does not have a single owner. It is a decentralized system that relies on a network of users to function.
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Rosalia
Sat Nov 30 2024
The decentralized nature of Bitcoin means that no single party has control over the set of rules in the software. Instead, the rules are agreed upon by the entire network of users.
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Alessandro
Sat Nov 30 2024
This decentralized approach allows Bitcoin to operate independently of any government or financial institution. It also makes it more resistant to fraud and manipulation.
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Ilaria
Sat Nov 30 2024
BTCC is a leading cryptocurrency exchange that offers a range of services to its users. These services include spot trading, futures trading, and a digital wallet for storing cryptocurrencies.
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