# The Benefits of a Decentralised Structure

<figure><img src="/files/VNqF1aMpK8efTGrGfkvS" alt=""><figcaption></figcaption></figure>

Unlike **traditional financial systems that rely on central authorities**, Bitcoin operates on a peer-to-peer network where **mining nodes are all incentivised to operate the system according to the protocol** and **maintain the network's integrity.**&#x20;

This decentralised structure:

* **Eliminates a single point of failure; enhances security and ensures network availability**
* **Provides trust by operating according to mathematical principles instead of subjective reasoning**
* **Promotes transparency**, as all transactions are publicly recorded on the blockchain.


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