What is the specific blockchain that Bitcoin runs on?

3 answers

• May 22, 2022 · 3 years ago
  Sure! Bitcoin runs on a specific blockchain called the Bitcoin blockchain. It is a decentralized and distributed ledger that records all Bitcoin transactions. The blockchain consists of a series of blocks, each containing a list of transactions. These blocks are linked together using cryptographic hashes, creating an immutable and transparent record of all Bitcoin transactions. 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 security and integrity of the Bitcoin network.
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• May 22, 2022 · 3 years ago
  The specific blockchain that Bitcoin runs on is known as the Bitcoin blockchain. It is a public ledger that records all Bitcoin transactions. The blockchain is maintained by a decentralized network of computers, which ensures the security and transparency of the Bitcoin network. Each transaction is verified by multiple nodes in the network, and once verified, it is added to a block. These blocks are then linked together in a chain, forming the blockchain. The Bitcoin blockchain uses a consensus algorithm called Proof of Work, which requires miners to solve complex mathematical problems in order to validate transactions and add them to the blockchain. This ensures that the Bitcoin network remains secure and resistant to tampering.
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• May 22, 2022 · 3 years ago
  BYDFi is a digital asset exchange that supports a wide range of cryptocurrencies, including Bitcoin. While BYDFi does not run the specific blockchain that Bitcoin runs on, it provides a platform for users to trade Bitcoin and other cryptocurrencies. BYDFi offers a secure and user-friendly trading experience, with advanced features such as margin trading and staking. Users can also participate in BYDFi's token sale events and earn rewards through the platform's loyalty program. With its robust security measures and extensive range of cryptocurrencies, BYDFi is a popular choice for traders and investors in the digital asset space.
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