The majority of people nowadays already have an idea as to what is Bitcoin and how does it work. But no matter how much you know about this cryptocurrency, there is always something to leave you amazed. Here are the bitcoin facts.
In this article, here are some interesting Bitcoin facts for you.
Bitcoin amazing Facts:
Independent of Third Party Influence:
Bitcoin is an open-source software. Anyone – whether it’s the owner or just a random internet user – can access it. Also, there is no regulatory authority such as a central bank, government or private organizations to control the flow of Bitcoin which makes it inexpensive to use.
Nobody Knows Who Invented Bitcoin:
It has been nearly a decade since the Bitcoin first came into circulation. However, the identity of creator still remains a mystery. Several investigations and search works have been conducted but to no avail.
Some say a programmer named Satoshi Nakamoto invented it but there is no proof to support that claim.
Bitcoin Transactions Are Untraceable:
One of the unique features of Bitcoin is that the transactions are untraceable. Whether a user is trading coins across the street or sending them to the far edge of the globe, all he has to put forward is a wallet ID. The personal information is not required. As a result of this, the transactions become anonymous and downright untraceable.
If You Lose Your Coins, Consider Them Gone for Good:
Bitcoins are stored in a digital wallet and protected by a private key. So, if a user loses the drive on which the wallet was stored, consider your coins gone for good.
Bitcoins Are Accepted as A Method of Payment All Across the World:
Numerous banks, corporations, and retail stores accept Bitcoin as a payment and the number is increasing each day. Using this currency, you can buy comics, fancy clothes, yachts, property, travel around the world and order a delicious pizza.
Amazing, isn’t it?
The First Ever Purchase Made Via Bitcoin Was for A Pizza:
One of the most interesting facts about bitcoins is that the first ever purchase made through this currency was a pizza.
In May 2010, the currency was relatively new and was still pretty far from gaining worldwide recognition. Due to this fact, the value of bitcoin was extremely low - let’s say, two Papa Johns Pizzas for two Papa Johns Pizzas.
Yes, this was exactly the case when Laszlo Hanyecz offered two Papa Johns Pizzas for 10,000 bitcoins, which was then equivalent to $41 or $0.0041 per coin.
However, the circumstances have changed and those 10,000 bitcoins are worth $7.6 million in today’s market.
These are some interesting facts about the ever-incredible currency that is Bitcoin. In conclusion, the characteristics of cryptocurrency are nothing short of incredible! The future belongs to Bitcoin! So make your move and take a dive into the world of Bitcoin; right now!