dave on Nostr: Bitcoin is a decentralized digital currency that allows for financial transactions to ...

Bitcoin is a decentralized digital currency that allows for financial transactions to occur without the need for an intermediary. It is based on a peer-to-peer network of computers, and is run on a distributed ledger technology known as a blockchain. Transactions are stored in blocks and stored in a shared public ledger called the blockchain. This ledger is then distributed across the computers in the network and verified by each computer that is part of the network. Bitcoin is considered to be a secure, distributed payment system because each transaction is cryptographically signed with a private key before it is added to the ledger. This ensures that all transactions are secure, and the funds are securely stored with the sender.