Bitcoin is a digital form of currency which is “decentralised”. This means that Bitcoin is not controlled or regulated by any central authority, in the way old-fashioned traditional Dollars and Euros are. Bitcoin is traded peer to peer (P2P). People exchange Bitcoin directly between one another, rather than going through a middleman, such as a bank. The network that maintains all Bitcoins is run by miners who validate all transactions with cryptography and record them on a public digital ledger, called a blockchain.
A hugely important fact you need to understand is that Bitcoin is the only truly decentralised cryptocurrency at present.
[wp_links_page display=”list” num=”10″ pager=”pagination” load_more=”View More” orderby=”title” order=”ASC” cat=”512″ image=”ss” img_size=”medium_large” img_style=”border: 1px solid #bd6824; box-shadow: 0 8px 10px 0 rgba(0,0,0,0.2),0 12px 15px 0 rgba(0,0,0,0.19);” title=”meta” title_style=”font-weight: bold; font-size: 16px; text-align: left” desc=”meta” desc_style=”font-style: italic; font-size: 14px; text-align: left; color: #363845″]