No central authority like a bank oversees these transactions. Instead, a global network of computers (miners) validates the data using massive computational power.
To interact with the blockchain, you need a . These digital tools don't actually "store" your coins—since BTC only exists as a record on the blockchain—but instead manage your private keys , which act as the digital signature for your funds. Understanding Blockchain - UF/IFAS Extension Sumter County blockchain_btc
Institutional investors and "whales" have increasingly dominated the space, with some large wallets holding billions in BTC for over a decade before re-activating. 3. Managing Your BTC: Wallets and Services No central authority like a bank oversees these transactions