What does BTC mean? What technology is Bitcoin based on?

BTC is the currency code of Bitcoin. Bitcoin is based on blockchain technology. This technology has the following characteristics: decentralization, transparency, immutability, security. Blockchain plays a role in recording transactions, verifying transactions, and maintaining ledgers in Bitcoin. and prevent tampering to ensure the integrity of the Bitcoin system.

What is BTC?

BTC is the currency code for Bitcoin, a decentralized digital currency.

What technology is Bitcoin based on?

Bitcoin is based on blockchain technology, a distributed ledger system with the following characteristics:

• Decentralization: The blockchain is not controlled by any single entity, but is distributed across the world Computer network maintenance everywhere.
• Transparency: All transactions on the blockchain are public and can be viewed by anyone.
• Immutability: Once a transaction is recorded on the blockchain, it cannot be changed or deleted.
• Security: Blockchain uses encryption technology to ensure the security and integrity of data.

How does blockchain play a role in Bitcoin?

Blockchain is the foundation of Bitcoin and it plays the following roles:

• Recording Transactions: Blockchain records all Bitcoin transactions including sender, receiver, amount and timestamp.
• Verified Transactions: Transactions on the blockchain are verified by computers in the network to ensure their validity.
• Maintaining the ledger: The blockchain is a growing ledger that contains a history of all Bitcoin transactions.
• Tamper-proof: Once a transaction is added to the blockchain, it cannot be reversed or changed, ensuring the integrity of the Bitcoin system.

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