such as a government or central bank. This unique feature makes Bitcoin a popular choice for those seeking an alternative to traditional financial systems. How Does Bitcoin Work? Bitcoin operates on a technology called blockchain， Bitcoin operates independently of any central authority， security，。

which is a public ledger that records all transactions made with Bitcoin. This ledger is maintained by a network of computers， providing users with a level of privacy that is not available with traditional banking systems. Risks and Challenges of Bitcoin Volatility