Bitcoin is a decentralized encrypted digital currency system that is completely separated from the bank and only relies on the Internet to operate.
The decentralization of Bitcoin makes it no longer dependent on the central processing node, and realizes the distributed recording, storage and update of data. Let everyone have the account data of the entire network, can participate in verification and recording. It breaks the monopoly of the third-party intermediary structure or the endorsement of trust institutions. All nodes must form a consensus in a completely open and transparent manner, and everyone should keep accounts together to ensure the accuracy and security of the ledger.
Bitcoin runs on a network system, and its issuance and transactions are all decentralized. In the Bitcoin system can truly control personal assets instead of indirectly controlling money through the bank. Bitcoin's decentralization is the first in human history to use technology to ensure the sacred and inviolable private property.