Decentralization

Decentralization in Bitcoin is like having a big digital playground where everyone gets to play and have fun without a boss telling them what to do. Instead of one person or company controlling everything, Bitcoin is run by a global network of computers owned by regular people like you and me. These computers, called nodes, work together to keep track of all the Bitcoin transactions ever made. Because there’s no central authority in charge, no one can control or manipulate the system. This means that Bitcoin is more resilient and democratic, with decisions being made by the collective efforts of the network rather than by a single entity. Decentralization ensures that Bitcoin remains transparent, secure, and open to anyone who wants to participate, empowering individuals to take control of their finances and contribute to the global economy.