The world's first decentralized digital currency, the
Bitcoin has had a huge impact on the financial sector. It is a virtual currency that is completely unrelated to any financial or governmental organization and has the power to drastically change traditional finance.
Without intermediaries, bitcoin transactions have minimal transaction costs and high levels of security. This has created new options for people and businesses, making it a very attractive choice.
Key ideas
- A decentralized digital currency is bitcoin.
-Bitcoin is reshaping public finances and opening up new possibilities.
- As there are no intermediaries involved in Bitcoin transactions, they are safe and cheap.
The digital currency known as Bitcoin works in a decentralized manner, meaning it is not governed by any single entity.