currency has emerged and challenged the traditional financial systems to capture the world’s attention. Bitcoin, the first decentralized cryptocurrency, has captured the imagination of the modern world as a symbol of financial innovation, empowering the individual and disrupting the established order. Main characteristics of Bitcoin. Decentralization: Bitcoin uses a decentralized network. This means there is no central control in one government or entity. Therefore, it offers transparency and security since its transactions are recorded on a public blockchain that cannot be altered. Secure Transactions: Bitcoin transactions utilize enhanced cryptography that can’t counterfeit any transactions and even reverse any performed transactions. Thus, all the carried out transactions are secure and…
