Distributed Copies: The Bitcoin blockchain is replicated and maintained by thousands of independent computers around the world, known as "nodes." Every full node has a complete and identical copy of the entire transaction history.
Consensus Mechanism: When new transactions occur, they are broadcast to the network. Miners verify these transactions and group them into "blocks." These blocks are then added to the chain only after a consensus mechanism (Proof of Work) is used to ensure all participating nodes agree on the validity and order of the transactions.
Because every transaction is recorded bingx database on the public ledger and distributed across the network, it's transparent (anyone can view it) and highly resistant to tampering. Once a block is added, it's virtually impossible to alter it without also altering all subsequent blocks, which would require an impractical amount of computing power to achieve network consensus.
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In conclusion, using a database to track Bitcoin addresses and their balances is an efficient way to stay informed about your cryptocurrency holdings. By querying the database and analyzing transaction data, you can accurately calculate the balance of any Bitcoin address. Whether you are a casual user or a seasoned investor, having access to this information can help you make informed decisions about your Bitcoin transactions.
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