Cryptocurrencies

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What chain is Bitcoin on?

The Bitcoin blockchain, a secure digital ledger maintained by a network of computers, immutably records all Bitcoin transactions.

Sep 27, 2024 at 05:06 pm

What is a blockchain?
- A blockchain is a digital ledger that records transactions across a network of computers.
- Each transaction is verified by multiple computers and added to the ledger in a secure and tamper-proof way.
- Once a transaction is added to the blockchain, it cannot be altered or deleted.
What is Bitcoin?
- Bitcoin is a cryptocurrency that was created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto.
- Bitcoin is a decentralized digital currency, meaning that it is not subject to government or financial institution control.
What chain is Bitcoin on?
- Bitcoin is on the Bitcoin blockchain.
- The Bitcoin blockchain is a public ledger that records all Bitcoin transactions.
- The Bitcoin blockchain is maintained by a network of computers running the Bitcoin software.
Conclusion:
- Bitcoin is a decentralized digital currency that is recorded on the Bitcoin blockchain.
- The Bitcoin blockchain is a public ledger that is maintained by a network of computers running the Bitcoin software.

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