What is the blockchain of Bitcoin (What chain does the blockchain used by Bitcoin belong to)?
What is the blockchain of Bitcoin? In the early days of Bitcoin, there were two
What is the blockchain of Bitcoin? In the early days of Bitcoin, there were two main features: first, the storage space was very large, and second, the transaction speed was slow.
Blockchain technology is a distributed database structure. A team led by Konstantin Gaevoy, a computer science doctor and professor at the Institute of Software of the Chinese Academy of Sciences, has created a new protocol that uses a new algorithm called “hash value” to represent data transmission and encryption, and ensures its integrity, verifiability, and security through cryptography. “Hash” is designed as a peer-to-peer network, which allows the system to securely access all information – from bytecode to timestamp, block headers, and other digital content, all of which can be recorded in any position in the node. It also has anti-tampering technology characteristics and other features. This means that the blockchain of Bitcoin is generated based on mathematical principles and cannot be deleted.
What chain does the blockchain used by Bitcoin belong to?
According to btcmanager news, what chain does the blockchain used by Bitcoin belong to? What kind of blockchain is the blockchain used by Bitcoin? What categories is it divided into? In the field of cryptocurrency, mainstream coins such as Ethereum, EOS, and Litecoin all have a distributed ledger, while Bitcoin is a categorized ledger system that operates digital assets based on this technology. The most popular public blockchain in the market currently is Bitcoin (BTC), which is a decentralized virtual world composed of a network independent of central institutions.
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