Cryptocurrency Q&A
What happens to Bitcoin if there is no power?
What happens to Bitcoin if there is no power?
Giuseppe
Thu Dec 26 2024
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7 answers
1513
I'm wondering about the scenario where there's a complete loss of power. How would Bitcoin, as a decentralized digital currency, be affected by such an event? Would transactions still be possible?
7 answers
Ilaria
Sat Dec 28 2024
In the video titled "What Happens to Bitcoin if the World's Power Grid Goes Down?" by Tech Evaluate on YouTube, the topic of Bitcoin's resilience in the face of a global power outage is explored.
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CryptoMagician
Sat Dec 28 2024
The video suggests that despite the heavy reliance on electricity for mining and transaction verification, Bitcoin networks can potentially continue operating even if the world's power grid fails.
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SejongWisdomSeeker
Fri Dec 27 2024
With BTCC, users can buy, sell, and trade Bitcoin with ease, while also benefiting from advanced trading tools and features. The exchange's wallet service provides a secure and convenient way to store Bitcoin and other cryptocurrencies.
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ShintoMystic
Fri Dec 27 2024
Alternative energy sources, such as solar, wind, and diesel generators, could be utilized to temporarily power Bitcoin networks and servers. These backup systems would allow the currency to function independently of the traditional power grid.
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MysterylitRapture
Fri Dec 27 2024
Bitcoin's decentralized nature and blockchain technology play a crucial role in its ability to survive such a catastrophe. The distributed ledger system ensures that transactions are verified and recorded without a central authority, making it less vulnerable to disruptions.
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