Technically, there is no single point of failure. Every computer on the network maintains a complete record of all transactions. That is, no single entity can turn off a transaction. This was a big part of Bitcoin’s early appeal. Although it was decentralized, it was still reliable as a store of value.
Raju Kumar
Asked: 11 months ago2024-03-27T10:42:58+05:30
2024-03-27T10:42:58+05:30In: Cryptocurrency
Will cryptocurrency fail?
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