What is the blockchain that Bitcoin uses?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! The blockchain that Bitcoin uses is a decentralized and distributed ledger technology. It is a public ledger that records all transactions made with Bitcoin. The blockchain consists of blocks, which contain a list of transactions. Each block is linked to the previous block through a cryptographic hash. This ensures the immutability and security of the blockchain. The Bitcoin blockchain is maintained by a network of computers called miners, who validate and add new transactions to the blockchain through a process called mining. This ensures the integrity and transparency of the Bitcoin network.
  606303
• Dec 16, 2021 · 3 years ago
  The blockchain that Bitcoin uses is like a digital ledger that keeps track of all Bitcoin transactions. It is decentralized, meaning that no single entity controls it. Instead, it is maintained by a network of computers spread around the world. Whenever a new transaction is made, it is verified by the network and added to a block. Each block is then linked to the previous block, forming a chain of blocks, hence the name 'blockchain'. This technology ensures the transparency and security of Bitcoin transactions.
  516172
• Dec 16, 2021 · 3 years ago
  The blockchain that Bitcoin uses is called the Bitcoin blockchain. It is a public ledger that records all Bitcoin transactions. The Bitcoin blockchain is unique because it is decentralized, meaning that no central authority controls it. Instead, it is maintained by a network of computers that work together to validate and add new transactions to the blockchain. This ensures that the Bitcoin network is secure and transparent. The Bitcoin blockchain has revolutionized the way we think about money and has paved the way for the development of other cryptocurrencies.
  568142