Cryptocurrency Q&A
Who secures Bitcoin?
Who secures Bitcoin?
Margherita
Sun Dec 01 2024
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6 answers
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I'm wondering about the security of Bitcoin. Who is responsible for ensuring its safety? Is it a centralized entity or a decentralized network? I need to know who secures Bitcoin.
6 answers
Elena
Tue Dec 03 2024
The Bitcoin network operates on a unique economic model that encourages miners to maintain honesty and security.
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Sara
Tue Dec 03 2024
Miners play a crucial role in the Bitcoin ecosystem by solving complex mathematical problems.
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DreamlitGlory
Tue Dec 03 2024
In return for their computational efforts, miners are rewarded with newly created bitcoins.
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Valeria
Tue Dec 03 2024
This reward system acts as a financial incentive for miners to continue contributing to the network.
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Maria
Mon Dec 02 2024
Additionally, miners earn transaction fees for processing and validating transactions on the Bitcoin blockchain.
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