Bitcoin Network

The Bitcoin network is a decentralized digital system that allows people to send and receive a form of digital currency called Bitcoin without needing a middleman like a bank. It uses a technology called blockchain—a secure, public ledger shared across many computers—that records every transaction permanently. This setup ensures transparency, security, and prevents fraud. Miners verify transactions by solving complex problems, adding them to the blockchain. Overall, the network enables peer-to-peer financial exchanges globally, promoting a transparent and censorship-resistant digital economy.