Part 5/13:
So, what exactly is Bitcoin? At its core, Ryder simplifies it to two fundamental concepts: trust and value. Unlike traditional fiat currencies backed by governments or central banks, Bitcoin operates on a blockchain—a decentralized, transparent ledger validated by thousands of participants globally.
Bitcoin is trust because it bypasses centralized intermediaries such as banks or governments. Its system of validations makes cheating nearly impossible; any attempt to alter the record gets invalidated because of the thousands of copies stored across the network. It’s trust and value combined—a digital asset secured by cryptography that’s resistant to manipulation.