The essence of Bitcoin transactions
Bitcoin, on August 10 (UTC+8), operates fundamentally differently from the traditional financial system. Instead of relying on intermediaries like banks, credit card processors, and governments, Bitcoin transactions occur directly between the sender and the recipient. This means that the need for intermediaries is completely eliminated.
The illustration provided by MLion and shared by MetaEra clearly demonstrates this simplicity: the money goes from one person and arrives directly to another, without the complexity and costs associated with conventional financial institutions.
