Who controls the majority of Bitcoin?

3 answers

• Dec 30, 2021 · 3 years ago
  The majority of Bitcoin is controlled by a decentralized network of miners. These miners use powerful computers to solve complex mathematical problems, which allows them to validate transactions and add them to the blockchain. As a reward for their work, miners receive newly minted Bitcoins. However, it's important to note that no single entity or individual has complete control over Bitcoin. The decentralized nature of the network ensures that no one can manipulate the system for their own benefit.
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• Dec 30, 2021 · 3 years ago
  When it comes to controlling the majority of Bitcoin, it's the miners who hold the power. These miners are spread across the globe and compete with each other to solve mathematical puzzles. The first miner to solve the puzzle gets to add a new block of transactions to the blockchain and is rewarded with Bitcoins. This decentralized system ensures that no single entity can control the majority of Bitcoin, making it resistant to censorship and manipulation.
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• Dec 30, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, does not control the majority of Bitcoin. Bitcoin's decentralized nature means that no single entity has control over the majority of the cryptocurrency. Instead, it is the network of miners who collectively control and secure the Bitcoin network. This decentralization is one of the key strengths of Bitcoin, as it ensures that no single entity can manipulate or control the currency for their own benefit.
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