How long does a cryptocurrency transaction history remain on the blockchain?
Domtila SiraDec 14, 2021 · 3 years ago3 answers
Can you please explain how long a cryptocurrency transaction history remains on the blockchain?
3 answers
- Dec 14, 2021 · 3 years agoThe transaction history of a cryptocurrency remains on the blockchain indefinitely. This is because the blockchain is a decentralized and immutable ledger, meaning that once a transaction is recorded, it cannot be altered or deleted. Therefore, the entire transaction history of a cryptocurrency, from its inception to the present, is stored on the blockchain.
- Dec 14, 2021 · 3 years agoCryptocurrency transaction history is stored on the blockchain forever. It's like a permanent record that cannot be erased. This is one of the key features of blockchain technology, as it ensures transparency and trust in the cryptocurrency ecosystem. So, if you're worried about your transaction history disappearing, rest assured that it will always be there on the blockchain.
- Dec 14, 2021 · 3 years agoThe transaction history of a cryptocurrency is stored on the blockchain indefinitely. This means that every single transaction that has ever occurred on the network is accessible and verifiable. Whether you're using Bitcoin, Ethereum, or any other cryptocurrency, you can always trace back the entire transaction history from the very first block to the latest one. It's one of the reasons why blockchain technology is considered revolutionary in the world of finance.
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