LIVE#CryptoVerse 1: The Power of Decentralization
At the heart of Bitcoin is a revolutionary idea: transactions can occur directly between two parties without the need for a trusted third party, like a bank. This is made possible through a technology called blockchain, which acts like a public ledger. Imagine a global spreadsheet that records every transaction in such a secure way that once something is added, it cannot be changed or removed. This creates trust not from a central institution, but from the system itself, which is maintained by a network of computers around the world.
Real-World Example: It's like sending an email directly to a friend without having to go through a post office that checks and approves each message. This level of direct control could redefine how we think about sending and receiving money.