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7 Interesting Facts About Bitcoin

All those who are just thinking of using bitcoins and those who have been working with electronic cash for a long time should like to know 7 interesting about this cryptocurrency. Most likely, such an acquaintance will only increase the interest in those who love playing online slots and not only in the most unusual project of the 21st century.

Interesting Facts About Bitcoin

#1 Nobody knows who created Bitcoin

In 2008, an unknown until now author, under the nickname Satoshi Nakamoto, published a report on the principles of the functioning of the bitcoin network in one of the forums.

The essence of the report, outlined on nine pages, could understand even the unprepared reader.

The first Bitcoin transaction took place on January 21, 2009. Satoshi transferred 100 BTC to another dialer and cryptographer named Hal Finney.

A large number of attempts were made to disclose the identity of Satoshi Nakamoto, but without results. The latest version aroused great excitement, but was quickly disproved.

The very first million of bitcoins were obtained personally by Satoshi and, apparently, still belongs to him. Researchers are still trying to find Nakamoto’s wallets to get out on his trail, but Satoshi remains calm.

#2. Bitcoin Pizza Day

On May 22, 2010, the programmer Laszlo Hanyecz made the most famous deal with the use of crypto currency with the help of his friends from the Bitcoin Talk forum.

He paid 10 thousand bitcoins for two Papa John pizzas. Then his bitcoins cost $ 41, seven years later – $ 150 million!

#3. The number of bitcoins in the world is limited

21 million is the maximum number of bitcoins that will ever be mined. Today, about 12 million have been mined.

The algorithm reduces the number of found coins by 2 times every few years. Deficit stimulates demand.

In 2140 the last Bitcoin will be mined.

#4. Great loss

In 2013, a resident of the United Kingdom James Howells accidentally threw out his laptop, on the hard drive of which 7,5 thousand bitcoins was stored. This is about 112 million dollars at the current rate.

The Briton does not lose hope of finding his computer.

That’s why, before playing games at your favourite online casino, be sure to write down the secure private key of your crypto wallet.

#5. Satoshi

This currency consists of hundreds of millions of smaller units. They are called Satoshi. Their use is extremely necessary, since the course of the whole bitcoin is very high. Why is it exactly one hundred million? Because it’s a number with 8 zeros. And in the digital world, everything is connected with the numbers of the geometric progression: 2, 4, 8, 16, 32, etc.

#6. Cryptocurrency and FBI

1.5% of bitcoins is owned by the FBI. This is considered to be one of the largest Bitcoin wallets. It is approximately worth of $120mln.

#7. More than 6 mln crypto wallets

Nowadays, the number of crypto wallets is between 6 and 12 mln worldwide. Half of them provides their owners with a possibility to store more than one currency.

If you want to share some more facts about this popular currency, you can do this at our forum.

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