Cryptocurrency Q&A
What is the logic of Bitcoin?
What is the logic of Bitcoin?
KatanaSword
Sat Dec 21 2024
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6 answers
1504
I am trying to understand the underlying logic and mechanism of Bitcoin. I want to know how it works, what makes it secure, and why it has value. Can someone explain the logic behind Bitcoin?
6 answers
Caterina
Mon Dec 23 2024
Bitcoin operates fundamentally on the blockchain, a decentralized network.
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Lorenzo
Mon Dec 23 2024
The blockchain serves as a database where all transaction records are stored.
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AndrewMiller
Mon Dec 23 2024
These records are organized in a sequence of interconnected blocks.
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TaegeukChampionCourageousHeart
Sun Dec 22 2024
Each block in the chain contains a set of transactions.
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Andrea
Sun Dec 22 2024
The nodes within the network are responsible for verifying and approving each transaction.
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