Bitcoin is a decentralized digital currency designed to facilitate a censorship-free, permissionless financial system that allows individuals to be in control of their own finances.
Unlike traditional currencies, Bitcoin is not controlled by any central authority or government, meaning that users can engage in financial transactions without fear of censorship or interference.
This is because Bitcoin operates on a peer-to-peer network, with no one entity having the power to censor or alter the blockchain, the digital ledger that records all Bitcoin transactions.
This censorship-resistant nature of Bitcoin is what makes it an attractive form of money, as it allows users to be in control of their own finances and to make financial decisions without fear of interference or censorship.