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2 votes
3 answers
120 views

What makes the bitcoin network decentralized? is it the nodes or the miners or both?

I wonder what makes the bitcoin network decentralized? Do nodes participate in making the network decentralized? or is it just the miners and all about the hash power to take over the network aka 51%&...
bbnn's user avatar
  • 247
2 votes
3 answers
1k views

If bitcoin is decentralized then who keeps track of computers in network

I keep hearing that bitcoin is decentralized i.e. no single entity owns it. And each computer which is part of bitcoin network keeps the copy of ledger. My question is who keeps track of all ...
Frank Martin's user avatar
1 vote
1 answer
1k views

How does one node connect to other nodes

I am wondering how does one client connect to whole blockchain system if there is no centralized node which connecting other nodes together? So for example if I want to create my own decentralized ...
Aren Hovsepyan's user avatar
5 votes
2 answers
471 views

Is Bitcoin a decentralized time-stamping authority?

Can Bitcoin/blockchain be thought of as a decentralized time-stamping authority (TSA)? Is there true consensus in the Bitcoin network on a mined block's time, or just that the block was mined?
Geremia's user avatar
  • 4,715