Part 7/12:
Bitcoin’s divisibility is unparalleled; each coin can be split into 100 million units called satoshis. This allows for microtransactions and scalable money transfers suitable for global commerce.
Verifiability and Security
Bitcoin transactions are recorded on a public, unchangeable ledger—the blockchain—that anyone can verify in real-time. This trustless system eliminates the need for third-party authentication, reducing counterfeiting risk and increasing transparency.
Its energy-intensive proof-of-work mechanism secures the network, akin to the security measures of vaults and armed guards for physical gold. While critics cite high energy use, proponents see it as a necessary feature that ensures robustness against attacks.