Bitcoin is decentralized and trustless, meaning there is no trusted authority which controls updates. If any node could make updates to the database at any time, there would be conflicts, fake transactions, inconsistencies between different nodes’s copies of the database.

12m read timeFrom coinsbench.com
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Table of contents
BackgroundTechnical ConceptsDecentralizationCryptographic HashingBlocksBlockchainsIncentives and CryptoeconomicsConclusion
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