Who Controls The Bitcoin Network

Although Bitcoin has developers who act as spearheads, nobody controls the virtual currency as nobody can control the development of email in the sense that it does not have a single owner.

Programmers can improve Bitcoin software, but cannot impose a change in protocol. This must follow the same rules for all and these are created in consensus among all users with their decisions about which platforms they choose to operate, for example.

In fact, when discrepancies arise about bitcoin they are resolved among the entire community. For now, there has only been one occasion in which consensus was not reached and it resulted in the creation of BitcoinCash , a new fork in technical language. For the common public it would be a new separate version of the base cryptocurrency with which it shares the same block story until separation.

From there, the ‘control’ of the transactions is carried out through the users themselves , who are the ones who validate the chain blocks and the security of the transaction. Since this chain cannot be altered because it is present in thousands of computers around the world and that each change must approve the real control of the bitcoin users.

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