TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

bitcoin 2 - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

For a long time, something was just a fantasy, but today it is possible: a decentralized digital currency that can be used more and more in daily life. Meanwhile, there are many variants on the Bitcoin, also called cryptovaluta, but Bitcoin remains the most important coin to date. Do you want to know more?These are 10 interesting facts about Bitcoin.

10. The FBI belongs to the richest Bitcoin owners

fbi - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

Cryptovaluta such as Bitcoin are extremely useful to criminals on the internet. Because of this new technique, they can transfer anonymous money for, for example, their drug trafficking. These deals are predominantly on the dark web, where it is intended that no one can find and stop the drug dealers.Nevertheless, the FBI managed to roll up several major networks (including “Silk Road”) where online drugs were traded. Due to the large use of Bitcoin within this group, the FBI could immediately seize a large amount of this currency. This organization has thus acquired several wallets worth 30,000, 96,000 and even 144,000 Bitcoin and now in its possession. This makes the FBI the number two of the richest Bitcoin owners in the world.

9. A bitcointransaction consumes enough energy for three households

minen - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

You would say that acting in Bitcoin would be an effortless process as everything happens online.Nevertheless, the mining and trading of this currency has become very complex over the years. That means that a lot of energy is also needed to get the coin. It is calculated how much energy it is today: no less than 94 kilowatt hours per transaction . This amount of energy is enough to power more than three households for a day. The mining and trading of Bitcoins is certainly not as simple and fast as it seems.

8. The largest transaction was worth $ 147 million

grootste transactie - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

In 2013, the biggest transaction in Bitcoin took place. Due to the nature of this currency, it is possible to check every transaction, even though the channels and recipients are anonymous. This transaction contained exactly 194,993 bitcoins and at that time had a value of about 147 million dollars, which is about 125 million euros. The transaction was provided with a message: “Sh * t Load of Money!”.Because the transactions all went anonymously, people began to speculate who was responsible for this unprecedentedly high payment in Bitcoins. The two people who are still associated with many people today are the founder of Bitcoin, Satoshi Nakamoto, and wealthy businessman Richard Branson.

7. What was worth 100 dollars in 2010 is now worth 100 million

bitcoin 2 - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

Investors know that trading in money is predominantly at risk. It is therefore easy to say afterwards that you could have been rich by acting in Bitcoin. Nevertheless, there are some lucky ones who were curious in 2010 in this crypto currency to invest $ 100. That risk has been rewarded, because over the years, the value of the Bitcoin has risen sharply. Nowadays, that hundred dollars would have grown to a value of as much as $ 100 million, which is a virtually unprecedented rise in value. One of these lucky birds is Kristoffer Koch. He bought some Bitcoins in 2009 for research for his dissertation. A few years later, he remembered that he had the Bitcoins in his wallet, and suddenly appeared to have hundreds of thousands of dollars .

6. Thanks to the “Block Chain” Bitcoins can not be duplicated

blockchain - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

The big problem with fiat money is that this form of money is very sensitive to fraud and inaccurate spending. If the database is not ready, it is therefore possible to issue the same currency twice. This is because the transaction information is not linked to the currency. At Bitcoin, this is the case, in the form of a so-called “Block Chain”. This database is all about every transaction done with Bitcoins.Because there is no central point where this information is stored, it is no longer possible to issue a coin multiple times before the system is aware. As a result, the Bitcoin is one of the more reliable crypto currencies, because you can only spend money that you actually have

TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

5. Bitcoin in space

More and more people are convinced of the value that the Bitcoin can offer. This crypt currency can go a long way, and they want to prove that too. That’s why Bitcoin Company Genesis Mining decided to send a Bitcoin space. They achieved this by releasing a weather balloon with a 3D model of a bitcoin on it. Their goal was to reach a height of twenty kilometers. When the balloon was at this level, it was time to send a bitcoin from the earth to the balloon. It was good luck to bring the first Bitcoin to space. The balloon did not stop at a height of twenty kilometers, but even went so far that the 34 kilometers were achieved. To celebrate this milestone, the company decided to just send a bitcoin to the balloon for fun. That’s just really getting high heights.

4. The hardware of all bitcoin users is thousands of painters faster than those of the top 500 supercomputers

supercomputer - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

Bitcoin is a system that works because miners all over the world work together to keep the crypto currency safe and active. They help with their hardware to keep the transactions safe, and pay as a reward for what eventually becomes a Bitcoin. Because of the fact that people around the world are active with Bitcoins, there is a lot of computing power in this currency. It has been calculated that this power is precise, and this was based on a strength that was 11,000 times more than that of 500 supercomputers combined, this was in 2015 . In 2013, it was “only” 256 times faster. These facts give a good insight into the impact of the Bitcoin in the online world.

3. There is a limit on Bitcoins

bitcoin - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

Many people who are not very familiar with the concept of cryptovaluta will think that there is in fact an unlimited amount of Bitcoins. There is no international bank that can restrict the printing of money, as this currency only exists online. However, there is a limit to the amount of Bitcoins that can be reduced, namely 21 million. The currency is created by users finding a block. The developers of this coin have determined that an average of six blocks per hour can be detected. Once 210,000 have been discovered, this frequency is reduced by half. As a result, the growth of the Bitcoin is increasing and it is expected that the last currency will be discovered in 2140. It is also becoming increasingly difficult for traders to get new coins in their wallet, as the amount of new Bitcoins a day decreases.

2. The first Bitcoin transaction in the “real world” was good for two pizzas

pizza - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

Since the Bitcoin is an online currency, it is obvious that this currency is primarily used on the Internet.For a long time, this was also the case because the Bitcoin had not yet been sufficiently built to get companies to accept the currency. However, this first transaction in the real world went by a small detour. During the early days of the Bitcoin, the coin was not worth much as now, so that a user paid 10,000 Bitcoins to another user who ordered two large pizzas in the American chain Pappa John’s in exchange for the coins. Today, 10,000 Bitcoins would be worth much more than just two pizzas, because with the Bitcoin inflation, this user would have paid 40 million dollars for his pizza. This strange transaction will go into the books as the first purchase in a Bitcoins store.

1. Nobody knows who is the founder of Bitcoin

satoshi nakam - TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

When you wonder who invented the Bitcoin and set up this international system, you will be named Satoshi Nakamoto . He is known as the founder of the Bitcoin, but nobody knows who he really is. Its real name, age and origin are not known to any currency user and are a big mystery for many users.Some people have been under investigation and assume that the founder is an American or even British man. His name suggests he is from Japan, but since Japanese characters are never used in his encoding, this does not seem to be the case. One thing is certain: the inventor of this crypto currency has almost one million Bitcoin and is therefore a billionaire with a $ 4 billion.

TOP 10 MOST INTERESTING FACTS ABOUT BITCOIN

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