Bitcoin Turns 14 today!
Here are 14 uncommon facts about #Bitcoin that will surprise you.
Here are 14 uncommon facts about #Bitcoin that will surprise you.
1/ Bitcoin is the first widely-adopted cryptocurrency.
Bitcoin is not the first cryptocurrency. Rather, it is the first widely-adopted and largest crypto.
There have been several attempts to create digital currencies. Unfortunately, the ideas were formulated but not developed.
Bitcoin is not the first cryptocurrency. Rather, it is the first widely-adopted and largest crypto.
There have been several attempts to create digital currencies. Unfortunately, the ideas were formulated but not developed.
The first attempt was done by David Chaum in 1990. His proposed digital currency is called eCash.
Here's the whitepaper
sceweb.sce.uhcl.edu
Here's the whitepaper
sceweb.sce.uhcl.edu
2/ Bitcoin is a legal tender in two countries
1. El Salvador - from 09/06/2021
2. Central African Republic - from 23/04/2022
forbes.com
1. El Salvador - from 09/06/2021
2. Central African Republic - from 23/04/2022
forbes.com
3/ No one knows who exactly created Bitcoin
We only know that one Satoshi Nakamoto created Bitcoin and published its whitepaper.
But nobody knows if it's a male, female, or a group of people.
Weird right?
spiral.xyz
We only know that one Satoshi Nakamoto created Bitcoin and published its whitepaper.
But nobody knows if it's a male, female, or a group of people.
Weird right?
spiral.xyz
4/ A pizza purchase was the first commercial Bitcoin transaction
On May 22, 2010, Laszlo Hanyecz paid 10,000 BTC for two Papa John's Pizzas - worth 41 at the time.
This is the first Bitcoin trade, and it's now celebrated as Bitcoin Pizza day each year.
On May 22, 2010, Laszlo Hanyecz paid 10,000 BTC for two Papa John's Pizzas - worth 41 at the time.
This is the first Bitcoin trade, and it's now celebrated as Bitcoin Pizza day each year.
5/ There are over 980k active addresses that currently hold Bitcoin.
These are the number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted.
These are the number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted.
6/ Satoshi Nakamoto has been nominated for the Nobel Prize in Economics
Bhagwan Chowdhry, a Professor of Finance at the University of California Los Angeles (UCLA) nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics.
Bhagwan Chowdhry, a Professor of Finance at the University of California Los Angeles (UCLA) nominated Satoshi Nakamoto for the 2016 Nobel Prize in Economics.
7/ A bug created 184 billion BTC in 2010
On August 15th, 2010, the CVE-2010β5139 bug resulted in 184 billion BTC being minted.
The main developers Gavin Andresen and "Satoshi Nakamoto" rolled back the blockchain in order to purge this transaction from block 74638.
On August 15th, 2010, the CVE-2010β5139 bug resulted in 184 billion BTC being minted.
The main developers Gavin Andresen and "Satoshi Nakamoto" rolled back the blockchain in order to purge this transaction from block 74638.
8/ The first Bitcoin Faucet distributed 5 BTC per visitor
In June 2010, Gavin Andersen created the first Bitcoin Faucet distributing 19,700 BTC.
The site enabled visitors to earn 5 Bitcoin per day for completing a captcha check.
Although, Bitcoin wasn't worth much then.
In June 2010, Gavin Andersen created the first Bitcoin Faucet distributing 19,700 BTC.
The site enabled visitors to earn 5 Bitcoin per day for completing a captcha check.
Although, Bitcoin wasn't worth much then.
9/ There are more than 430 Altcoins derived from Bitcoin (Not up to date)
As of 2017, there were about 436 forks of bitcoin. That said, most of your popular altcoins today are direct or indirect forks of Bitcoin.
mapofcoins.com
As of 2017, there were about 436 forks of bitcoin. That said, most of your popular altcoins today are direct or indirect forks of Bitcoin.
mapofcoins.com
10/ The all-time high of Bitcoin is $68,789.63
Bitcoin hit its all-time high on Nov. 10, 2021.
Bitcoin hit its all-time high on Nov. 10, 2021.
11/ Brock Pierce took out the first Bitcoin mortgage in 2019
Bitcoin billionaire Brock Pierce took out a crypto-backed mortgage to buy a $1.2 million home in Amsterdam.
Bitcoin billionaire Brock Pierce took out a crypto-backed mortgage to buy a $1.2 million home in Amsterdam.
12/ There are only 21,000,000 BTC max supply
And, there are about 19M currently in circulating supply.
That's nearly 90%.
And, there are about 19M currently in circulating supply.
That's nearly 90%.
13/ More Than 20% of Bitcoin Is Lost Forever
According to Chainalysis, a blockchain-analysis firm about a fifth of all bitcoin - around $20 billion is lost permanently.
This is mainly due to forgotten or misplaced private keys.
Stay SAFU!
unchained.com
According to Chainalysis, a blockchain-analysis firm about a fifth of all bitcoin - around $20 billion is lost permanently.
This is mainly due to forgotten or misplaced private keys.
Stay SAFU!
unchained.com
14/ The Last Bitcoin Is Going to Be Mined in 2140
Only 21 million Bitcoins can ever exist, as it is programmed into the coinβs code.
However, It is estimated that we are going to be able to keep mining them until the year 2140.
Crazy!
Only 21 million Bitcoins can ever exist, as it is programmed into the coinβs code.
However, It is estimated that we are going to be able to keep mining them until the year 2140.
Crazy!
15/ The world's first "statue" of Satoshi Nakamoto was unveiled in Hungary.
The goal of the statue is to honour Satoshi Nakamoto.
It is located in the heart of Europe, in the capital of Hungary, Budapest.
The goal of the statue is to honour Satoshi Nakamoto.
It is located in the heart of Europe, in the capital of Hungary, Budapest.
That's all for today.
Follow me @viktordefi for more insightful defi threads.
Tagging some OG's:
@rektdiomedes
@DAdvisoor
@NDIDI_GRAM
@mepeegade4
@crypthoem
@0xtypejohnny
@dennis_qia
@defiprincess_
@TheDeFinvestor
@saylor
Follow me @viktordefi for more insightful defi threads.
Tagging some OG's:
@rektdiomedes
@DAdvisoor
@NDIDI_GRAM
@mepeegade4
@crypthoem
@0xtypejohnny
@dennis_qia
@defiprincess_
@TheDeFinvestor
@saylor
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