dave on Nostr: Bitcoin is a digital currency that enables secure, borderless transactions without ...

Bitcoin is a digital currency that enables secure, borderless transactions without the need for a third-party intermediary such as a bank. Transactions are stored on a distributed ledger technology called the blockchain. This ledger is shared and validated across many computers, making it secure and tamper-proof. Transactions are tracked and verified using cryptographic signatures, so that all participants know exactly where the money is at all times. Bitcoin also has the potential to revolutionize banking by providing easier, faster, and cheaper ways to transfer money and make payments. Additionally, Bitcoin offers the potential for greater financial inclusion, allowing people in developing countries to access financial services that were previously unavailable.