Compared with the traditional financial system, the decentralized nature of Bitcoin is not controlled by the government and central bank, and its transactions do not need to go through any third parties. So solve the problem of financial intermediary.Bitcoin adopts a common accounting method. Each node will participate in data recording and share it with others at the same time, so as to obtain a complete data and ensure the validity and authenticity of the data.
Bitcoin's consensus network mechanism eliminates the need for third parties and enables fast transactions, and its users completely control assets for easier transactions and barrier-free delivery.
After knowing Bitcoin, I can send money quickly abroad, because I make transactions using Bitcoin without a financial intermediary. In contrast
to fiat, which must go through a bank as a third party to verify data, this is what makes sending Bitcoin much faster. So I'm lucky to live in a country
that legalizes Bitcoin, because not all countries legalize Bitcoin. Some countries feel threatened by the presence of Bitcoin, then some countries
prohibit their citizens from using Bitcoin. Though Bitcoin has many benefits that can help humans in living life, this is the importance of increasing
education about Bitcoin. There are still many people who understand Bitcoin wrongly or even there are still many people who do not understand Bitcoin.
