How do we understand Christ's sacrifice?

Understanding Christ's sacrifice is pivotal for grasping the fullness of the Gospel. Jesus Christ, being without sin, took the punishment that we rightly deserved, demonstrating God's love for sinners. As outlined in 1 Peter 2:24, He bore our sins in His body on the tree so that we might die to sin and live for righteousness. This sacrificial act not only meets the requirements of God's justice but also showcases His grace towards those whom He has chosen. The significance of the cross is that it signals the ending of the old covenant of works and the ushering in of a new covenant of grace by which believers are saved and reconciled to God.