Interesting Facts About Bitcoin

Everyone knows what Bitcoin is unless you are living in a cave or not fond of using the internet. A lot of articles and news about Bitcoin are available on TV shows and the internet.

Despite its success and popularity, some individuals still throw negative opinions and views about Bitcoin, while others think that it is not beneficial to the community.

On the other hand, such discussions encourage people to dig more information about it. Everything in this world always leaves something that lets people do their ways to search for it.

But if there is only one thing, we can assure you is that fraud does not have any space in Bitcoin.

A lot of experts hope that people will become more knowledgeable and educated regarding Bitcoin and other forms of cryptocurrencies.

In connection to that, people should dig facts about it before doubting their integrity and relevance. To start investing in Bitcoin’s create a free account.

In this post, we are going to provide you some interesting facts about Bitcoin you didn’t know before.

Interesting Facts About Bitcoin

So, if you want to know more about it, then keep reading and enjoy!

The Creator of Bitcoin

A lot of you know that Satoshi Nakamoto is the creator of Bitcoin and launch it into the crypto world in 2009.

But only a few know that this is just a pseudonym for a person or group who have worked together to put their ideas into reality.

Back in 2011, Satoshi Nakamoto left the internet, and he/they did not even leave some marks that would help the experts to determine how he/they is/are.

For the past years, when Bitcoin is successful, though up till now, Bitcoin is at the highest spot, a lot of individuals publicly claim that they are Nakamoto.

Then again, they don’t have enough evidence that will prove their real identity.

Also Read: What are the Prominent Impacts of Bitcoin on the World Economy?

Bitcoin Pizza Day

Bitcoin Pizza Day is being celebrated by Bitcoin followers every May 22 of the year. Way back in 2010, May 22, Laszlo Hanyecz had traded his 10,000 Bitcoin tokens in exchange for two Papa John’s Pizzas.

It is the first item that was purchased by a Bitcoin user in the real world. During that time, 10,000 Bitcoin tokens are equivalent to 41 US Dollars. Currently, a 10,000 Bitcoin-token is equivalent to 64 million US Dollars.

How Many Bitcoins are There?

This is one of the most important facts about Bitcoin. The said network offers a limited number of tokens. After creating Bitcoin in 2009, Nakamoto only created 21 million bitcoins in total.

As of now, more than 16 million Bitcoin tokens are circulating the market. The number of bitcoins being mined daily is continuously increasing.

Also Read: Get to Know Some Amazing Advantages of Bitcoin!

Losing Your Bitcoin Wallet Means Losing Your Whole Bitcoins

Bitcoins should be stored in a digital wallet that you can install on your desktop computers. Through this, checking your remaining balance is easy by simply logging in.

But one thing you need to know when logging in your details is that you should store your key and password securely. Your private keys will allow you or anyone who knows it to open your Bitcoin wallet.

Losing it means you are also losing your access as well as the number of Bitcoins stored in it.

According to experts, more than 20 percent of the total supply of Bitcoin was lost.

This is mainly because of keys being stolen or misplaced, or computers or laptops have been hacked.

Those are just a few interesting facts associated with Bitcoin. Knowing at least one of those will help you to know and understand the Bitcoin system more.

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