How does bittorrent work in the context of cryptocurrency?

3 answers

• Nov 25, 2021 · 3 years ago
  Bittorrent is a peer-to-peer file sharing protocol that allows users to distribute and download files. In the context of cryptocurrency, bittorrent can be used to distribute blockchain data, such as transaction history and blocks, across a network of peers. This decentralized approach ensures that the blockchain data is widely available and resistant to censorship. By using bittorrent, cryptocurrency networks can achieve greater scalability and resilience.
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• Nov 25, 2021 · 3 years ago
  Bittorrent is like a decentralized file-sharing network on steroids. It allows users to download and share files, but instead of relying on a central server, it uses a network of peers. In the context of cryptocurrency, bittorrent can be used to distribute the blockchain data, which is essentially a record of all transactions. This ensures that everyone in the network has access to the same data and can verify the transactions. It also makes the network more resilient to attacks, as there is no single point of failure.
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• Nov 25, 2021 · 3 years ago
  In the context of cryptocurrency, bittorrent can be used to distribute the blockchain data among the network participants. This helps in maintaining a decentralized and distributed ledger, which is one of the key features of cryptocurrencies. By using bittorrent, the blockchain data can be downloaded and shared among the peers, ensuring that everyone has access to the same information. This also helps in increasing the security and resilience of the cryptocurrency network, as the data is distributed across multiple nodes.
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