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Title: How is bitcoin hosted, where and what is the main blockchain? Post by: FruitsBasket on November 22, 2015, 09:39:23 PM How is bitcoin hosted, like on a server? I dont get it I think. And what is the main blockchain, that stores transactions?
Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: unamis76 on November 22, 2015, 09:46:46 PM Bitcoin is "hosted" wherever there is a full node completely synced. There is no "main" blockchain, there's only one blockchain.
Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: jaberwock on November 22, 2015, 09:49:01 PM It is a p2P system, there is no a central server where the blockchain is hosted. It is hosted nowhere and everywhere, in some sense.
I suggest you take a look in the p2p systems like torrents, so you will understand better Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: FruitsBasket on November 22, 2015, 09:52:50 PM Thanks for the replies! I understand it now a bit more, I will look on youtube some tutorials sbout the technology behind it, it is really interesting I think.
Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: Pattart on November 22, 2015, 09:53:25 PM Thanks for the replies! I understand it now a bit more, I will look on youtube some tutorials sbout the technology behind it, it is really interesting I think. I think you should start with Satoshi's whitepaper at https://bitcoin.org/bitcoin.pdfTitle: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: meono on November 22, 2015, 10:46:48 PM Did you just buy this account? WTF?
::) Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: franky1 on November 22, 2015, 10:47:48 PM it seems a noob, signed up to a signature campaign, wrote a few hundred posts on this forum........ before even knowing the basics of what bitcoin is..
Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: FruitsBasket on November 22, 2015, 10:48:13 PM Did you just buy this account? WTF? No, I am just new to these fact about bitcoin, I saw it as a kind of paypal. But clearly the technology goes deeper and it is best secure of all things on earth :)::) Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: Hellacopter on November 22, 2015, 10:50:24 PM Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain. I hope this reply can help you to understand a bit how it works. Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: meono on November 22, 2015, 10:51:03 PM Did you just buy this account? WTF? No, I am just new to these fact about bitcoin, I saw it as a kind of paypal. But clearly the technology goes deeper and it is best secure of all things on earth :)::) So it takes you 8 months to ask this question? and never cared to look for it yourself? Yup exactly proves my point in other thread, Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: FruitsBasket on November 22, 2015, 10:53:29 PM Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency. I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now.Ans of course there is only one main blockchain. I hope this reply can help you to understand a bit how it works. Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: virtualx on November 22, 2015, 11:07:15 PM Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency. I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now.Ans of course there is only one main blockchain. I hope this reply can help you to understand a bit how it works. It is "hosted" by many nodes in the bitcoin p2p network. Those nodes are full bitcoin nodes, meaning they hold a copy of the entire blockchain. The bitcoin blockchain contains all transactions of the network ever since Satoshi. New transactoins are included in blocks. Blocks are connected to eachother, hence the name blockchain. The blockchain is simply a large database. You can download the blockchain using Armory, bitcoind and other full bitcoin clients. :) Title: Re: How is bitcoin hosted, where and what is the main blockchain? Post by: FruitsBasket on November 22, 2015, 11:10:31 PM Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency. I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now.Ans of course there is only one main blockchain. I hope this reply can help you to understand a bit how it works. It is "hosted" by many nodes in the bitcoin p2p network. Those nodes are full bitcoin nodes, meaning they hold a copy of the entire blockchain. The bitcoin blockchain contains all transactions of the network ever since Satoshi. New transactoins are included in blocks. Blocks are connected to eachother, hence the name blockchain. The blockchain is simply a large database. You can download the blockchain using Armory, bitcoind and other full bitcoin clients. :) I am going to lock the thread, my questions are answered. |