As a decentralized electronic cash system, Bitcoin is not subject to the regulation or control of any central authority. Peer-to-peer software and cryptography are used instead of it.
All bitcoin activities are recorded in the general ledger, a copy of which is stored all over the globe. A nodes is a server that can be set up for anybody with a spare pc. Rather than relying on a central source of trust like a bank, these nodes come to a consensus on who owns a particular currency.
Node-to-node communication is based on broadcasting each transaction to the system. These transactions are updated to the blockchain network on a regular basis, roughly every ten minutes, by miners who put them together into blocks. This is the final word on bitcoin’s books.
BTC TO Easypaisa:
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