EduLadder(ELADR) - CRYPTO

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Bitcoin-Mining-->View question

Who governs Bitcoin?

Governs Bitcoin:


Asked On2022-09-21 16:59:57 by:uma-nainwal

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Answer: Bitcoin is not a company owned by someone. It is not governed by a body. The software is a protocol that works on its own and is upgraded by developers. They are supported by groups like miners who own the machines that generate new Bitcoins and maintain the network's security.

 

They have the power to vote with their hardware to select which Bitcoin software to support. Developers may create and release essential changes to the existing protocol but will not be affected unless the miners prefer to accept them.


Answerd on:2022-09-21 Answerd By:uma-nainwal

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