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Article: What is Bitcoin?

Heard of Bitcoin but not sure what it really is? Let’s break it down in simple terms.

Updated yesterday

Content:

💡 Bitcoin is digital commodity.
Just like email replaced letters, Bitcoin is a modern upgrade to money. It’s a decentralized network you can send or receive anywhere in the world—without needing a third party.


🧱 How It Works

  • Bitcoin runs on a public network called the blockchain.

  • Every transaction is verified by thousands of computers (called miners) all over the world.

  • No single person or company controls Bitcoin—not even a government.


🔐 Why It Matters

  • You own it. No bank can freeze or block your Bitcoin.

  • It’s open 24/7. No holidays, no “bank hours.”

  • It’s limited. Only 21 million Bitcoin will ever exist, making it scarce and valuable.


💬 Everyday Uses

  • Save Bitcoin like digital gold.

  • Send Bitcoin across borders instantly.

  • Pay with Bitcoin where it’s accepted.


Is It Safe?
Yes—if you use a secure wallet and protect your login info. That’s why we always recommend storing Bitcoin in a wallet you control.


Still curious?
Learn more at @1bitcoin.ca

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