Think of it like a peoples bank. Your accounts cant be frozen, it is completely and always free, it is anonymous, much more secure than traditional banking and payments can be sent to anyone in the world within seconds.
Anyone can create an account just by downloading the software. This bank has no owners and cannot be shut down. Because it is peer to peer, it is completely transparent. There is a limited supply of coins making it valuable and a great store of wealth like gold. New coins can only be generated by the networks 1% interest rate. Everyones account generates 1% interest per year to help keep the system secure.
So welcome to the future of currency!.
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