When you compare Bitcoin to traditional currencies like dollars, euros, or yen, the contrasts are striking. Traditional currencies are produced and controlled by governments and central banks, available in both physical (coins, bills) and digital forms (bank account numbers).
Bitcoin, however, is not governed or issued by any central authority, making it immune to control by any single government or entity. Its value is not anchored to any physical goods or the economy of a specific country.
Bitcoin operates on a decentralized network, where its transactions are secured and validated by a technology known as blockchain.
Think of the blockchain as a vast, open ledger that records every Bitcoin transaction. This ledger is like a continually updated book that everyone can inspect, but no single person controls.
Each transaction added is permanent and irreversible, creating a transparent and secure history of all transactions.
The blockchain ensures security and trust in the Bitcoin network. It’s as if a network of librarians (or computers, in Bitcoin’s case) constantly verifies and maintains the records, making sure everything is accurate and agreed upon by everyone.
This decentralized approach makes Bitcoin a global, borderless currency, free from the influence of any single institution.
(This message is quoted from Internet information and is not the opinion of this website.)
中文版: 比特币与其他货币有何不同？