Binance is accused of funneling billions of dollars of customer money to a company owned separately by Mr. Zhao. The central bank moves money from bank A to bank B and records the transaction in its central ledger. Each block comprises a preceding block's cryptographic hash, timestamp, https://youtu.be/M3l77gfP9fs and transaction data. This is expected to increase network participation, reduce congestion, and increase transaction speeds. Andresen went on to become the lead developer at the Bitcoin Foundation, a nonprofit organization committed to advancing and promoting the Bitcoin network. Satoshi Nakamoto, who mined approximately one million Bitcoins, mysteriously vanished in 2010. Nakamoto entrusted the network alert key and control of the code repository to Gavin Andresen.