# 104.2 Lesson - Decentralized

**Screen:** Decentralized

**Headline:** Special Characteristic

**Reward:** 2

**Text:** Fiat money is controlled by banks and governments — which is why people refer to it as a “centralized” currency.

Bitcoin is not controlled by any person, government or company — which makes it “decentralized”

Not having banks involved means that nobody can deny you access to bitcoin — because of race, gender, income, credit history, geographical location — or any other factor.

Anybody — anywhere in the world — can access and use Bitcoin anytime you want. All you need is a computer or smartphone, and an internet connection. In fact, even a feature phone with no internet can utilize Bitcoin with services like Machankura!

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## QUIZ

**Question:** Is bitcoin centralized?

**Answer:** No. Bitcoin is completely “decentralized”.

**Feedback:** That is correct. There is no company, government or institution that controls bitcoin. Anyone can use bitcoin — all need is a smartphone and an internet connection.

**Correct:** true

**Answer:** Yes. It is centrally controlled by the United Nations.

**Feedback:** Wrong answer. Please try again.

**Correct:** false

**Answer:** Yes. It is centrally controlled by the world’s largest banks.

**Feedback:** Incorrect. You already know this is not true!

**Correct:** false

<figure><img src="/files/XXAyTi9YqnUMlSmdQE5H" alt=""><figcaption></figcaption></figure>


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