Bitcoin transformed not only the finance industry but also society’s perception of money:
Decentralization: Bitcoin operates on a global network of computers where transactions are verified by miners using cryptographic algorithms, eliminating the need for banks or governments.
Limited Supply: There’s a cap of 21 million bitcoins, which creates a scarcity much like gold, hence why it’s often referred to as ‘digital gold’.
Pseudonymity: Bitcoin transactions provide users with a degree of privacy, as transactions don’t link to identities directly, instead using unique alphanumeric addresses.
