Who controls the supply of digital assets like Bitcoin?

7 answers

• Abishek NewarMar 17, 2022 · 3 years ago
  The supply of digital assets like Bitcoin is controlled by a decentralized network of computers known as miners. These miners compete to solve complex mathematical problems, and the first one to solve the problem is rewarded with newly created bitcoins. This process, known as mining, ensures that the supply of bitcoins is limited and that no single entity can control it.
  373

  187
• Mickey VoloAug 07, 2022 · 3 years ago
  When it comes to digital assets like Bitcoin, no single entity or organization has direct control over their supply. The supply is governed by the underlying technology, which is based on a decentralized network called blockchain. This network is maintained by a community of participants who validate transactions and secure the network. As a result, the supply of digital assets is determined by the consensus of the network participants.
  440

  147
• Glud LangJul 08, 2020 · 5 years ago
  At BYDFi, we believe in the power of decentralized finance and the importance of empowering individuals to control their own financial assets. In the case of digital assets like Bitcoin, the supply is controlled by the underlying technology and the consensus of the network. This ensures that no single entity can manipulate the supply or control the market.
  358

  90
• chongjinDisplayNameAug 15, 2020 · 5 years ago
  When it comes to digital assets like Bitcoin, the supply is not controlled by any central authority or government. Instead, it is governed by a set of rules and protocols that are built into the technology. This ensures that the supply is predictable and transparent, and that no single entity can manipulate it for their own benefit.
  334

  67
• LekhanHpFeb 21, 2024 · 2 years ago
  The supply of digital assets like Bitcoin is determined by the underlying code and the consensus of the network participants. This means that no single entity, including BYDFi, has direct control over the supply. Instead, the supply is governed by a decentralized network of computers that validate transactions and secure the network.
  335

  56
• Sameer HassanJul 15, 2021 · 4 years ago
  In the world of digital assets, the supply of cryptocurrencies like Bitcoin is controlled by a decentralized network of computers called miners. These miners use their computing power to solve complex mathematical problems, and in return, they are rewarded with newly created coins. This process ensures that the supply is limited and that no single entity can control it.
  372

  54
• Ankit SrivastavSep 02, 2023 · 2 years ago
  When it comes to digital assets like Bitcoin, the supply is controlled by a network of computers that validate transactions and maintain the blockchain. This network is decentralized, meaning that no single entity has direct control over the supply. Instead, the supply is determined by the consensus of the network participants.
  329

  42