Who controls the Bitcoin network?

Bitcoin network is the term used to describe all the servers which are mining the various transactions undertaken with bitcoin. No one particularly can control the Bitcoin network. All Bitcoin users around the world control it. To be compatible with each other, all bitcoin users need to use software that is complying with the same rules. Bitcoin mining 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 decentralized and operates on a peer-to-peer network. No single entity or individual controls the entire Bitcoin network. Instead, it relies on a consensus mechanism known as proof-of-work, where miners contribute computational power to validate and secure transactions. Changes to the Bitcoin protocol require consensus among the network’s participants, making it a decentralized and distributed system without a central authority.