How a Digital Copy Works

Business & Management
#1

With the launch of bitcoin in 2009, the growth of cryptocurrencies began. The need for a digital currency that could not be controlled by a central authority and did not require a trusted third party to ensure transactions was one of the driving forces behind the invention of bitcoin.
Unlike bank transactions, bitcoin transactions do not have a central record or database. Instead, bitcoin is run by a decentralized network of independent computers, each of which keeps track of all verified transactions separately. A blockchain is a distributed ledger of this sort.