Fun facts about Bitcoin

  • 4 years   ago
Fun facts about Bitcoin

The mysterious yet famous sensation on internet “Digital money” or as you says cryptocurrency is simply unstoppable. It has risen to fame by leap and bound in last one decade. Though there are so many cryptocurrencies launched up till now, but it will not be wrong to say that Bitcoin is ruling and is one of the highly trusted and invested cryptocurrency.
There are whole bunch of traders actively supporting and trading Bitcoin, however there is also a set of people who have no idea of cryptocurrency and do not have any plans of investing in it either.
So, why not here discuss some of the interesting, fun-facts related to Bitcoin.

  • 22 May is Bitcoin Pizza Day!

Yes, you heard it right! 22 May is celebrated as a pizza day as on that day a Bitcoin trader Laszlo Hanyecz for purchased 2 pizzas for 10,000 BTC. It was the first ever thing that was ever purchased with Bitcoin. At that time Bitcoin were of less value and a BTC could be purchased with just some cents.
Back then, Bitcoin was not accepted as a form of payments. But on 22 May 2010, Laszlo Hanyecz paid 10,000 BTC whose worth at that time was $41 and purchased two pizzas. Now, the same 10,000 BTC value has jumped upto and will be around 30 million dollars.

  •  Who is Satoshi Nakamoto?

Well, this a name you will hear a lot if you are a Bitcoin trader and have interest in Bitcoin trading as apparently he is the creator of this great revolution. However, his identity remains unknown till today.
However, many people in between tried to claim that they were the inventor of Bitcoin. Like a Australian businessman Craig Wright claimed that he had created Bitcoin, but soon it was found that he was just another scammer trying to cash the success of Bitcoin.
Interested in Bitcoin trading? Visit Bitcoin trader website and start investing.

  • Bitcoin is not totally untraceable

Yes, you heard it right! Though it is said that Bitcoin keeps your account private, purchases and transactions hidden. It is not completely true. It is true that your name or identity is not used in any transaction but then Blockchain is the permanent ledger that has record of all your transactions. So, if anyone knows about your account’s public address they can easily see how many transactions you have made and how many Bitcoin you have. So, you know that it is not completely impossible to trace Bitcoin. For protecting your public address, you can use Bitmixer.io or a VPN to hide it.

  • Protect your private key for protecting  your Bitcoin

You need to protect and safeguard the private keys your account in order to safeguard and in future utilize your Bitcoins. If you don’t protect your private keys, it will be gone and along with you’re hard earned Bitcoin will also be gone forever. Let me tell you that without private keys, no one can use the Bitcoin. According to reports, 25 % of bitcoins are lost forever till now.

  • Bitcoin does not grow in trees

Just like paper currency even Bitcoin do not grow in trees. Infact they are mined in Blockchain network and they come to existence when traders solve a complicated Maths puzzle. Trust me; it is not easy at all.

  • The number of Bitcoins are limited

Bitcoin is completely limited in number unlike paper currency that is printed by banks like every year. There will be only 21million Bitcoin. You will be shocked to know that 16.3 million Bitcoins has already been mined and the last one will be mined in 2140 and no more Bitcoin will be mined after that.

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