Many people are interested in how Bitcoin era works. The original idea of Bitcoin was to allow people to send and receive digital currency globally, without the need for any intermediary. This is achieved by using blockchain technology, which is basically a public ledger that runs on independent mining computers, called nodes.
Aside from the amazing new technology of blockchain, Bitcoin is all about decentralized ideas. The idea of a decentralized world is very new, and there are few ideas in human history that are as powerful as the idea of moving from centralized power structures to decentralized networks.
For example, banking relies on a system that is highly centralized, and controlled by a small number of people at the top. Central banks more or less control how the money system is managed, and the people who use money have no say in these policy decisions.
Bitcoin and decentralized networks are very different. Not only can Bitcoin connect people globally, it is one of many tokens that can all be used for a variety of things. People can choose what tokens they use, and there are no restrictions on how they can be spent. We are only beginning to see what decentralization can do, and there are sure to be more changes in the coming years.
Check our guide of the most promising crypto