Who has control over the Bitcoin code?

3 answers

• Dec 27, 2021 · 3 years ago
  The Bitcoin code is open-source, which means that anyone can view, modify, and distribute it. However, the control over the code lies in the hands of the Bitcoin developers and the community. They propose and implement changes to the code through a consensus mechanism, where miners and node operators validate and adopt these changes. Ultimately, the power to control the Bitcoin code rests with those who actively participate in its development and use.
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• Dec 27, 2021 · 3 years ago
  When it comes to the Bitcoin code, it's a decentralized system, which means that no single entity or organization has ultimate control. Instead, control is distributed among the network participants. The Bitcoin Core developers play a significant role in maintaining and updating the code, but their decisions are subject to scrutiny and approval by the wider Bitcoin community. This decentralized nature ensures that no one can unilaterally make changes to the code without consensus from the majority of network participants.
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• Dec 27, 2021 · 3 years ago
  BYDFi, as a digital currency exchange, does not have direct control over the Bitcoin code. The code is maintained and developed by a community of open-source contributors. However, BYDFi actively supports the Bitcoin network by providing a platform for users to trade and interact with Bitcoin. BYDFi follows industry best practices and security measures to ensure the safety and integrity of the Bitcoin transactions on its platform.
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