Is it true the same for bitcoin:
- Hive Shuts Down:
If the blockchain completely stops, there is nothing to access. While this is unlikely since it only requires one person, somewhere in the world, running the software, it is a risk. If Hive disappears, all that is one it goes away. The same is true for any other blockchain.
If the electricity for the entire world goes off for let's say 2-3 hours, I mean 0 electricity at all...
That means it will delete all the crypto and blockchains there if I understand it well...
Is that right....?
Thank
The same would hold true for Bitcoin, if one person runs the software, the chain keeps going albeit not very secure at that point.
It wont delete it but the chains would run. But then again, neither would the banks, supermarkets, or most other parts of life.
If all electricity went down, bigger problems than cryptocurrency.
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@taskmaster4450le
Yep aggree :)
There are bigger problems if that happens...
So if something of that type happens, that means once we have the electricity back on the blockchain will continue running as normal?
If it's stored at the same time at the node of each miner...
It will continue running from the block before the electricity goes down...?
Thanks in advance...
Namaste :)