Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

That's a great explanation of how Bitcoin operates! It's fascinating how the decentralized nature of the network enables secure transactions without the need for a central authority.

That's a great explanation of how Bitcoin works! It's fascinating to see how peer-to-peer technology is utilized to create a decentralized system for managing transactions.