10 Interesting Facts about Bitcoins

Bitcoin is a well knowm virtual currency, aslo known CryptoCurrency.Read to know interesting and lesser known Bitcoins Facts.

Facts about Bitcoins
Bitcoin is a well known virtual currency, aslo known CryptoCurrency. Here are some interesting and lesser known Bitcoins Facts.

1. Bitcoin founder is a mysterious guy

Satoshi Nakamoto is the founder of Bitcoin and still remain mysterious and there is not much information about him is available.

2. First CryptoCurrency

There are many cryptocurrencies in market today but Bitcoin is the first one.

3. Controlled by users

Bitcoin is not controlled by any bank or other institutions. It is infact controll by its users.

4. Limited in numbers
Bitcoins are limited in numbers. Bitcoin mining is the process of generate bitcoin digitally. We cannot mine them in unlimited quantity. Bitcoin mining has a pre-defined schedule and they are slowly approaching a total of 21 million and the mining process is getting harder with each passing day and estimated 3600 bitcoin mined each day.

5. We cannot get the detail of Receiver and sender

It is impossible to track the sender or receiver of Bitcoind. Bitcoin addresses are a long string of 34 alphanumeric characters, that make it impossible to track.

6. Pizza is the first thing that buyed with Bitcoin

The first thing that is buyed with Bitcoin is Pizza. The founder Satoshi give 10,000 bitcoins in exchange of $25 to Hal Finney in 2009, to buy Pizza.

7. Irreversible

Bitcoin transactions are irreversible. Once paid cannot reverse it back.

8. FBI owned the one of biggest bitcoin wallet

During the operation of Silk Road when FBI seized the things of the owner, its became one of the world’s wealthiest bitcoin owners, an estimate $120 million.

9. Losing Wallet mean Losing Bitcoins Forever

We can lose our bitcoins if we lose the bitcoin account or wallet and also no one able to get those bitcoins from our account ever again.

10. Founder holds $1.1 billion worth of Bitcoins

It is said that Satoshi Nakamoto, the founder of Bitcoin, holds 1 million bitcoins that worth's $1.1 billion.



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Facts | Amazing Facts | Interesting Facts | Random Facts | Fun Facts: 10 Interesting Facts about Bitcoins
10 Interesting Facts about Bitcoins
Bitcoin is a well knowm virtual currency, aslo known CryptoCurrency.Read to know interesting and lesser known Bitcoins Facts.
Facts | Amazing Facts | Interesting Facts | Random Facts | Fun Facts
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