D
Dagov
Guest
Since Bitcoin is a digital currency, can copies be made?
That is true, but it's not a concern. The blockchain, a widely used public ledger, contains all bitcoin transactions. The blockchain can be copied, but it is only a record. Therefore, you wouldn't be altering how bitcoin is distributed. A block of transactions is added to the blockchain by miners using powerful systems to process new bitcoin transactions. One of the main components of the majority of cryptocurrencies is what is known as "proof of work." The work is verified by several miners, preventing fraud.
That is true, but it's not a concern. The blockchain, a widely used public ledger, contains all bitcoin transactions. The blockchain can be copied, but it is only a record. Therefore, you wouldn't be altering how bitcoin is distributed. A block of transactions is added to the blockchain by miners using powerful systems to process new bitcoin transactions. One of the main components of the majority of cryptocurrencies is what is known as "proof of work." The work is verified by several miners, preventing fraud.