Canada's Newest Bitcoin Hotspot: Edmonton

Until recently, Edmonton hasn't stood out from other Canadian cities when it comes to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term. Bitcoin ATM's have sprung up in a number of cities- the latest being Winnipeg- and Bitcoin Decentral in Toronto is a rare physical abode for an otherwise digital universe.

But Edmonton has become one of the fastest growing Bitcoin hotspots in Canada, according to Global News. It is reported that local meetups are attracting more attendees than any other city.

Peter Dushenski, local community developer, estimates that the local Bitcoin community has grown to several hundred or even several thousand people.

Downtown, the City Market is one landmark that has been accepting Bitcoin. When asked about the risks posed by Bitcoin's Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term, vendor Rick Rosboro says, "It’s a little bit scary because you don’t know what’s going to happen with Bitcoin. Is it going to become more and more and more popular and therefore more valuable or will it be shut down by the banks and the government?...I think it’s worthwhile… We need to have some change on this planet in the way money is dealt with, in a way that’s fair.”

Most recently, Coinfest Edmonton took place, bringing together everyone from beginners the the most savvy. Their website offers direction to those looking to learn more and get involved with Bitcoin. It also keeps a directory of local businesses accepting it.