Bitcoin’s a decentralized cryptocurrency with no single boss calling the shots, eh? Born in 2008 and hitting the mainstream by 2011, it tops the cryptocurrency market cap and runs on blockchain technology—think of it as a tamper-proof ledger that tracks every loonie you convert, block by block.
What Is Blockchain Technology and How It Works
Ever wondered what is blockchain technology and how does it work? In a nutshell, blockchain is a distributed digital ledger that records every Bitcoin transfer across countless nodes. Each block links securely to the previous one, making it nearly impossible to tamper with past transactions—no toque needed for safety!
e-Wallet Apps in Canada
You’ll need an e-wallet application to stash your BTC. Popular e-wallet Canada options include global names like Coinbase, plus Canadian favourites supporting Interac e-transfer and Instadebit. Simply verify your ID, fund via bank transfer or Interac, then swap your loonies for bitcoin—easy as grabbing a double-double on your way to the rink.