What Is Bitcoin And How Does It Work?
— Cryptocurrency, Does, Value, Wallet, Invest, Buy, Work, Blockchain, Exchange, Transaction, Transactions, Bitcoin — 1 min read
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly without an intermediary like a bank. Bitcoin's creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust” As of October 26, 2021, one Bitcoin now sells for nearly $38,000 CAD as of May 2022. Because its supply is limited to 21 million coins, many expect its price to only keep rising as time goes on, especially as more large, institutional investors begin treating it as a sort of digital gold to hedge against market volatility and inflation. Source