Observing individual bitcoins: Is there a way to follow a single coin journey?

As cryptocurrency popularity continues to grow, many enthusiasts have wondered whether it is possible to follow individual coins not only in their transactions in history. In this article, we will investigate whether there are ways to follow the entire Bitcoin or Satoshi Nakamoto coin journey and what impact it may have on future cryptocurrency development.

Bitcoin surgery

Before immersing itself in the issue of individual coins monitoring, it is necessary to understand how the operations work in the Bitcoin circuit. Each block of the Bitcoin network contains a list of operations that consists of each operation consisting of sender (address), recipient (address), amount and other information. These operations are linked through the unique cryptographic function of the bag called the “bag chain”, which creates a permanent record of all operations.

Can we follow an individual coin?

The short answer is: No, it is impossible to follow the individual Bitcoin or Satoshi coins in the real time. Blockchain is a decentralized, immutable book that contains every operation ever done on the Bitcoin network. This means that when creating and adding a circuit block, there is no way to replace or replace its contents.

However, we can follow Blockchain breadcrumbs, a block sequence leading from one operation to another. After analyzing these chains, we can reconstruct a separate coin journey over time.

Travel reconstruction

To reconstruct a specific Bitcoin journey, we will need to access all Blockchain’s history until it was excavated (1 block). This would include:

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• Reconstruction of the bag chain : Reconstruction of each block bag chain using tools such as blockchain.com or Etherscan (Ethereum -based cryptocurrencies).

Challenges

There are several reasons why it is impossible to follow an individual Bitcoin:

• Decentralization : Blockchain is decentralized and resistant to forgery.

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• Big Size

  : Blockchain data can be particularly high (like Bitcoin Blockchain has over 200 million operations).

• Time -demanding : Significant calculation resources and time would require the reconstruction of the individual coin travel.

the future of cryptocurrency

Although it is impossible to follow individual coins at this time, it emphasizes the importance of decentralized cryptocurrency storage solutions. This can help reduce the need to store large amounts of data on the central server, making them more resistant to censorship or attacks.

We can see progress in the future:

• Decentralized data storage : More effective and safer methods to store blockchain data.

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Conclusion

Although it is currently impossible to follow individual coins due to the decentralized and immutable nature of Blockchain, it is an intriguing idea of ​​future research and improvement. As the cryptocurrency space progresses, we can see innovations that solve these challenges. So far, enthusiasts will have to rely on measures such as blockchain.com or Etherscan to reconstruct their favorite coins.

Sources:

• [Blockchain.com] (https: //www.blockchain.

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