Decentralization and Network Governance

Created by Support Ridgeline Mining, Modified on Tue, Dec 2 at 5:46 PM by Support Ridgeline Mining

The decentralized nature of Bitcoin means that it adapts without a central authority through a system of open-source governance, protocol updates, and community consensus. The Bitcoin software is publicly available, so anyone can review the code, propose improvements, or develop new features. Changes are formalized through Bitcoin Improvement Proposals (BIPs), which are discussed, tested, and refined by developers before they can be implemented. 

For any update to take effect, the broader community of miners, node operators, exchanges, and users must adopt the new software. This decentralized consensus ensures that no single entity can dictate changes, and network upgrades reflect the collective agreement of participants. As a result, Bitcoin evolves gradually, securely, and transparently while remaining resilient against unilateral control or manipulation. 

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