What Bitcoin is: an educational guide for Guatemala
Bitcoin (BTC) is a decentralized digital money network. No bank or government controls it, and its rules are enforced by a global network of computers. Its maximum supply is capped at 21 million units.
How it works
Transactions are recorded on a public blockchain. Miners validate blocks through "proof of work," and each user controls their funds with a private key.
Main risks
High price volatility, irreversible loss if you lose your key or seed phrase, scams that impersonate advisors or platforms, and third-party custody risk.
Best practices
Never share your seed phrase. Double-check addresses, consider a cold wallet for long-term custody, and be wary of any promise of easy profits.
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