BitcoinBitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the... Read More is a cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by.... It operates without the need for a central authorityA central authority is an entity that holds centralized control over something, such as a financial exchange, asset, or transaction.... Read More like a centralAn organizational structure wherein a small handful of actors have control over the entire network. In the context of bitcoin,... Read More bank or a company, unlike government-issued or fiat currencies controlled by a country’s central bank (i.e., USD, EUR). The Bitcoin networkBitcoin network is the decentralized peer-to-peer network that powers the Bitcoin blockchain and processes all transactions on the blockchain. Read More is a decentralizedDecentralization, an aspect of blockchain technology, facilitates power or authority distribution among individuals, groups, or institutions. A decentralized structure allows... Read More peer-to-peer network that enables users to send funds to each other without going through intermediaries.
