How does #Bitcoin allow us to exchange value without an intermediary? Bitcoin belongs to technology. This is defined as a decentralized, distributed and immutable ledger.

#Blockchain is decentralized, allowing all historical transactions to be recorded on a public ledger. This eliminates the need for an intermediary to record and verify #transactions for us, such as banks.

Blockchain is distributed so that anyone can be part of the global network. It is a public ledger, so all participants can track and evaluate bitcoin transactions in real time. It is a network of peer-to-peer [ #P2P ] computers distributed globally.

Blockchain is immutable and transactional data entered is irreversible. Records are permanent and cannot be altered or destroyed.