Download
1 / 9
90 likes | 107 Views
Trying to make sense of cryptocurrencies can be a bit overwhelming for investors. Itu2019s a nascent but promising asset class built on technology that has the potential to disrupt a wide range of industries. For investors, whatu2019s probably most attractive is the possibility of life-changing returns.
E N D
Bitcoin Or Ethereum? Here’s The Best Way To Buy Bitcoin In Canada!
Trying to make sense of cryptocurrencies can be a bit overwhelming for investors. It’s a nascent but promising asset class built on technology that has the potential to disrupt a wide range of industries. For investors, what’s probably most attractive is the possibility of life-changing returns. Don’t worry. You’re not late to the crypto party. We’re likely still in the very early innings, leaving you with lots of time to put money to work and learn about this market. Here’s the best way to bitcoin in Canada.
Bitcoin The world’s first and most valuable cryptocurrency is Bitcoin. Released in 2009, it now holds a market value of more than $800 billion. What made Bitcoin truly revolutionary was that it became the first peer-to-peer payments network that didn’t require a central authority to process transactions. This decentralization was a much bigger deal than it might have initially seemed.As a result of its limited supply (there will only ever be 21 million coins), Bitcoin is generally viewed as the equivalent of digital gold. But while its legitimacy as a true inflation hedge is questionable, the returns have been outstanding.
Over the past five years, Bitcoin has jumped more than 4,500%, easily making it one of the best assets to own during that time. Besides being a speculative vehicle, Bitcoin’s real-world utility is on the rise. Ethereum You’ve also probably heard of Ethereum. Worth about $400 billion, making it the second-most-valuable cryptocurrency, it differs from Bitcoin in that it is a programmable blockchain. This means that developers can use it to create and support smart contracts, or self-executing computer programs.
Like Bitcoin, Ethereum is decentralized. But unlike Bitcoin, it provides much more functionality. Decentralized applications (dApps), including decentralized finance products and non-fungible tokens (NFTs), are mainly built on the Ethereum network. Newer projects will definitely gravitate toward Ethereum. Besides the growth of dApps, which have the potential to disrupt industries like financial services and social media, there are two important reasons to believe that Ethereum’s fantastic run, gaining more than 35,000% over the past five years, is far from over. First, talent is flocking to the platform. Ethereum has the largest developer network of any cryptocurrency.
Second, while Ethereum’s proof-of-work consensus protocol limits the network’s scalability, an update called ETH2 is expected to be implemented sometime this year. If executed correctly, this could be a major catalyst, drastically reducing Ethereum’s energy use while increasing the speed of handling transactions, giving it a leg up on Bitcoin. Buy XRP in Canada in 3 steps Create an Account with NetcoinsProvide some personal details and get verified in minutes through our automated KYC process.
Fund (No Fees)Fund your account with a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer. Start TradingBuy and sell as little as $10, or up to $10 million with no slippage due to our deep liquidity. SOURCE CREDIT: https://netcoinscanada.wordpress.com/2022/01/12/bitcoin-or-ethereum-heres-the-best-way-to-buy-bitcoin-in-canada/
