How is bitcoin hosted, where and what is the main blockchain?

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: virtualx on November 22, 2015, 06:07:15 PM

Quote from: FruitsBasket on November 22, 2015, 05:53:29 PM

Quote from: Hellacopter on November 22, 2015, 05:50:24 PM

Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.

I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now.

It is "hosted" by many nodes in the bitcoin p2p network. Those nodes are full bitcoin nodes, meaning they hold a copy of the entire blockchain. The bitcoin blockchain contains all transactions of the network ever since Satoshi. New transactoins are included in blocks. Blocks are connected to eachother, hence the name blockchain. The blockchain is simply a large database. You can download the blockchain using Armory, bitcoind and other full bitcoin clients.

Thank you for the clear explanation of how the technology is behind btc.
I am going to lock the thread, my questions are answered.

virtualx

hero member

Activity: 672

Merit: 508

LOTEO

Quote from: FruitsBasket on November 22, 2015, 05:53:29 PM

Quote from: Hellacopter on November 22, 2015, 05:50:24 PM

Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.

I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now.

It is "hosted" by many nodes in the bitcoin p2p network. Those nodes are full bitcoin nodes, meaning they hold a copy of the entire blockchain. The bitcoin blockchain contains all transactions of the network ever since Satoshi. New transactoins are included in blocks. Blocks are connected to eachother, hence the name blockchain. The blockchain is simply a large database. You can download the blockchain using Armory, bitcoind and other full bitcoin clients.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: Hellacopter on November 22, 2015, 05:50:24 PM

Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.

I knew it is decentralized, but i dis not know how it was hosted. I knew it was p2p but I never actually looked at the definition of that. I am not a total newb about btc, I have watched some videos and used it for a long time now.

meono

full member

Activity: 196

Merit: 100

Quote from: FruitsBasket on November 22, 2015, 05:48:13 PM

Quote from: meono on November 22, 2015, 05:46:48 PM

Did you just buy this account? WTF?
Roll Eyes

No, I am just new to these fact about bitcoin, I saw it as a kind of paypal. But clearly the technology goes deeper and it is best secure of all things on earth

So it takes you 8 months to ask this question? and never cared to look for it yourself?

Yup exactly proves my point in other thread,

Hellacopter

hero member

Activity: 742

Merit: 500

Bitcoin is decentralized currency, so there isn't a central "sodting" of this cryptocurrency.
Ans of course there is only one main blockchain.
I hope this reply can help you to understand a bit how it works.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Quote from: meono on November 22, 2015, 05:46:48 PM

Did you just buy this account? WTF?
Roll Eyes

No, I am just new to these fact about bitcoin, I saw it as a kind of paypal. But clearly the technology goes deeper and it is best secure of all things on earth

franky1

legendary

Activity: 4424

Merit: 4794

it seems a noob, signed up to a signature campaign, wrote a few hundred posts on this forum........ before even knowing the basics of what bitcoin is..

meono

full member

Activity: 196

Merit: 100

Did you just buy this account? WTF?
Roll Eyes

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: FruitsBasket on November 22, 2015, 04:52:50 PM

Thanks for the replies! I understand it now a bit more, I will look on youtube some tutorials sbout the technology behind it, it is really interesting I think.

I think you should start with Satoshi's whitepaper at https://bitcoin.org/bitcoin.pdf

FruitsBasket

legendary

Activity: 1232

Merit: 1017

Thanks for the replies! I understand it now a bit more, I will look on youtube some tutorials sbout the technology behind it, it is really interesting I think.

jaberwock

legendary

Activity: 2660

Merit: 1074

It is a p2P system, there is no a central server where the blockchain is hosted. It is hosted nowhere and everywhere, in some sense.

I suggest you take a look in the p2p systems like torrents, so you will understand better

unamis76

legendary

Activity: 1512

Merit: 1012

Bitcoin is "hosted" wherever there is a full node completely synced. There is no "main" blockchain, there's only one blockchain.

FruitsBasket

legendary

Activity: 1232

Merit: 1017

How is bitcoin hosted, like on a server? I dont get it I think. And what is the main blockchain, that stores transactions?

Topic: How is bitcoin hosted, where and what is the main blockchain? (Read 921 times)