Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email or the Internet. Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options. While developers are improving the software they cannot force a change in the Bitcoin protocol because all users are free to choose what software and version they use.

In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

The Bitcoin network is basically a term used for all the nodes, which are mining the different transactions assumed by the Bitcoin. Since the network is constituted as “decentralized” or open source as it is developed on the blockchain technology, it proposes a reflection that many people share regarding the ownership or the controls of the Blockchain Network.

List of Australian Cryptocurrency Exchanges (AUD)

Full list of Australian bitcoin and other alt coin exchanges which trade in Australian Dollars (AUD)

CoinSpot

CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian exchange

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Independent Reserve

IR is a Sydney based digital Currency exchange, providing a secure and trustworthy place for customers to buy and sell Bitcoin and Ethereum

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CoinJar

Coinjar is a Melbourne-founded startup that allows Australians to trade, store, spend and receive bitcoin and are trustworthy

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CoinBase

Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies

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