Most people today pay with currency issued by the government – whether it’s Canadian dollars, American dollars, or Chinese yuan. Bitcoins, a new type of currency, aren’t issued by the government, and don’t exist physically – they’re not issued by one single organization, and they are fully electronic. Bitcoins are created when people use their computers to help move bitcoins from one source to another- with this technique, anyone can create them, and make money off of them. Currently, one bitcoin is worth about 65 Canadian dollars, and can be used for everything from ordering pizza to buying video games.
If you’re interested in the benefits of bitcoins and the basis on which they were created, watch this video.
