Having Bitcoin, Komodo, Utrum, or other cryptocurrency in your wallet is sort of similar to holding cash when it acted like a promissory note… in that the public ledger shows you own that much BTC or other token and you can then access it without any issue, using your private key. Again, the blockchain (acting as this public ledger) is not able to be edited or deleted and lives on thousands of computers (nodes) being replicated based on verification against each other around the world. So this means there’s a very small delay in transactions, as each transaction must be verified by a minimum number of nodes before being entered and accepted onto the ledger.
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