The former PayPal president recently declared that#Bitcoinis the ultimate expression of neutral internet money. This endorsement is significant, considering PayPal's status as a global payments platform. The remarks reflect growing recognition of Bitcoin’s unique status as a decentralized, borderless and neutral digital currency.
At its core, Bitcoin is based on blockchain, a distributed ledger technology. This public ledger records all transactions, making it transparent and immutable. It is not controlled by any single entity, government or organization, ensuring it remains a decentralized currency. The concept of "neutral" here is very important. Bitcoin is not tied to any specific government or institution, making it available to anyone with an internet connection. It provides financial inclusion across borders, allowing people in unbanked areas to participate in the global economy.
