A commonly used phrase to refer to this form of currency is "magic money." Interestingly, it doesn't correlate with fairy tale stories; instead, it earned this name due to the unseen potential it has accumulated, which is lacking in other forms of currency. From its mining mechanism to its halving process, few cryptocurrency enthusiasts might realize that it took a collective effort of intelligence to conceive such an amazing idea. However, the identity of the brains behind this project remains a mystery, leaving it unsolved due to differing opinions in the industry today.

The blockchain, a form of security, seamlessly integrates with this project, granting every Bitcoin holder the authority to validate their transactions and act as their own banks. The robust protocol in place ensures high security, making it nearly impossible for anyone without your keys to authorize transactions on your behalf. Though this protocol is stringent, preventing the recovery of funds sent to the wrong address, exceptions are uncertain and not guaranteed.

Concern arises when those in authority begin to control the full activities of this currency. While it is guaranteed that every mechanism of this magic money will remain in place, the route it takes becomes uncertain. What will happen to Bitcoin when market exchanges are fully controlled by those in authority? Will Bitcoin still maintain the transparency it was originally built for?