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30 interesting facts about bitcoin

17-01-2022 228

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17-01-2022 228

1. Who created bitcoin?

Bitcoin was created and released to the public in 2009, but still no one knows who is behind all this. Whether this group of enterprising developers or a real genius of that time was not known. The only thing we know is the pseudonym - Satoshi Nakamoto.

Also, there are several "suspects" in the creation of bitcoin: Dorian Nakamoto, Nick Szabo and Cray Steven Wright


2. Mining

Every day, around the world, approximately 3,600 bitcoins are mined through mining.


3. First transaction.

The first transaction was made on January 21, 2009, 9 days after the official release of the cryptocurrency. Satoshi Nakamoto transferred 100 btc to the account of Hal Finney, who at that time was a dial punk and cryptologist.


4. One million bitcoins.

Satoshi Nakamoto, the founder of the cryptocurrency, became the owner of the first million bitcoins. According to official data, this amount is still on his wallets, which various researchers have been trying to find for many years in order to somehow get on the trail, but all attempts have failed.


5. The maximum number of coins.

According to official data, the maximum number of bitcoins that can ever be mined is 21 million. Every few years, cryptocurrency algorithms slow down the mining process by half. Therefore, over 13 years of existence, only 12 million coins were mined.


6. Bitcoin code

The bitcoin code consists of 77,000 lines, 70,000 of which are written in the C++ programming language. When this coin was first born, the code consisted of only 14,000 lines, which is a very small amount, especially in modern realities.


7. Mistake worth millions

The most unsuccessful owner of the cryptocurrency was James Howles, who lives in the UK. He accidentally threw away the hard drive, which to this day contains the key to the wallet with 7,500 bitcoins. At the current exchange rate, his fortune would be estimated at $ 5 million.


8. The most expensive pizza in the world

The very first purchase of a physical product with Bitcoin was made on May 22, 2010. Laszlo Heinitz purchased 2 pizzas for 10,000 bitcoins, which at that time was equivalent to about 40 US dollars, and today more than 600,000 million.


9. Lost investment

If you had invested just one dollar in bitcoin 12 years ago, you would have a net worth of $86 million today.


10. Bitcoin adoption

Despite the worldwide popularity, bitcoin is officially accepted only in 4 countries: El Salvador, Japan, Spain and Switzerland. Only in them you can safely pay with cryptocurrency in stores, on a par with the official currency.
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11. The richest investors.

Brothers Tyler and Kjmeron Winklevoss were recognized as the richest owners of a bitcoin wallet. They have over 1.5 million coins on their account, which is over $93 billion today. However, their names are still not on the Forbes list, which makes this fact especially interesting.


12. Top 100 richest addresses.

15% - this is how many bitcoins in the aggregate are stored on wallets from the top 100 richest addresses. Today, this is approximately 176 billion US dollars.


13. The highest rate of Bitcoin

In November 2021, the cost of one coin was 69.045 dollars, which once again made this cryptocurrency the most expensive in the world.


14. Sales per day

According to official data, a huge number of transactions are made every day around the world in the Bitcoin system, with a total value of more than 10 billion US dollars.


15. Bitcoin chain length

To date, the length of the chain in the Bitcoin blockchain has exceeded 710,000 blocks. According to Bitcoin Core developer Luke Dash Junior, it will take more than 38 nonillion years to crack access to each of them, because the system has acquired a strong cryptographic hashing algorithm SHA-256.


16. Higher education institution with payment by bitcoin.

The University of Cyprus was the first university in the world to accept payment through cryptocurrency. In Russia, the Higher School of Directors, located in St. Petersburg, dared to take such an important step.


17. Bitcoin ban

Thailand was the first country in the world to officially ban bitcoin at the legislative level. However, after a while they changed their minds and again allowed to use this coin.


18. Criminal currency.

The very first commercial success in the history of bitcoin was the Silk Road platform, which actively sold various prohibited goods, including drugs and weapons. Due to its anonymity, the coin became the only payment method.


19. Make way for the young.

The release and success of bitcoin contributed to the active development of the cryptocurrency community. Today, anyone can issue their own cryptocurrency. Therefore, there are already more than 150 alternative currencies and even more various coins and tokens in the world.


20. Cryptocurrency in Russian Federation

By law, Russian citizens have every right to use bitcoins for their own personal interests, but the range of possibilities is limited to storing, sending and investing. Accepting payments with coins is prohibited by the law “On Digital Financial Assets”.


21. Lost coins

To date, the world has already lost more than 4 million bitcoins, which is approximately 270 billion US dollars. Some of them are still stored on lost or failed flash drives or hard drives.
22. How much are all bitcoins worth?

The market capitalization (the value of all coins) at the current rate is more than $1.1 trillion.


23. Jail for cryptocurrency.

This is not clickbait. There are a number of countries in which the use of cryptocurrency and bitcoin in particular is prohibited at the legislative level and is punishable by imprisonment. Among them are Bangladesh, Vanuatu, Vietnam, Saudi Arabia and others.

For example, in Bangladesh, cryptocurrencies have been officially banned since 2017 by the Central Bank. Its use can lead to a prison term of up to 12 years.


24. When will all bitcoins be mined?

Thanks to the issuance and periodic reduction in bitcoin mining, approximately, the last coin will be received in 2140. We remind you that in total there can be no more than 21 million bitcoins in the world at the same time, 4 of which have already been lost ...


25. First check.

In 2009, the first test of the performance of bitcoin took place. Satoshi Nakamoto transferred 10 BTC to the account of Finney, who became a key person in testing the currency. Already after, on January 21, the first official transaction took place.


26. Proof of Work

In 2008 (during the development period), Satoshi Nakamoto published a file containing information about his vision for using the PoW algorithm and what problems it can solve.


27. Physical embodiment.

Attempts were made to create a physical Bitcoin coin, called Casascius. At their core, these are the so-called "cold wallets" on which a holographic code is printed. They were planned to be issued in the form of cast coins. It is Casascius that we see on all images with the BTC coin.


28. Volume of transactions.

According to official data, only 36% of all coins were seen in any transactions, while the rest were never used. Most likely, they are simply stored on the wallets of investors, and some of them are simply lost on long-forgotten digital media.


29. The tragedy of a journalist.

Funny situations also happened in the information space with bitcoin. So, for example, a journalist from the well-known Bloomberg publication, through ignorance or negligence, accidentally showed his private key to the wallet in the form of a QR code live. Knowledgeable users quickly responded to the novice's oversight and successfully wrote off all the coins. However, according to rumors, after some time they still managed to return. Like it or not, we do not know, but we can say for sure that the journalist remembered this situation for many years.


30. Good investment

In 2009, when the cryptocurrency was just gaining popularity, Christopher Koch, who lives in Norway, bought coins worth 27 US dollars. Carried away by his daily affairs, the guy safely forgot about it and continue to live a normal life. What was his surprise when he discovered that his fortune had grown to 886 thousand dollars.