How is Bitcoin governed?
Bitcoin is not a business that has an owner. There is no body in charge of it. The program is a protocol that operates independently and is updated by programmers. They are backed by organizations like miners, who are the owners of the equipment used to create new Bitcoins and keep the network secure.
Bitcoin is not a business that has an owner. There is no body in charge of it. The program is a protocol that operates independently and is updated by programmers. They are backed by organizations like miners, who are the owners of the equipment used to create new Bitcoins and keep the network secure.
Participants do have the ability to cast a vote for which Bitcoin software should be supported using their devices. If developers make and publish necessary modifications to the current protocol, the miners won’t be impacted unless they choose to adopt them.