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70 Interesting Facts About Bitcoin That Will Blow Your Mind

Hello friends, welcome to myblogclick. Now festive season is going on in the whole world, so all the best wishes to all of my fans and readers. In fact, another interesting thing is taking place in the media these days that is called Bitcoin.

I think that it is best time for my readers to know some interesting facts about Bitcon. So I am certain, you will really enjoy this topic.

  1. Bitcoin is a crypto currency. Do you know what crypto currency is? Crypto currency is a digital asset which is designed to work as medium of exchange to secure the transaction through cryptography.
  2. The word crypto derives from Greek word ‘’Kryptos’ means hidden or secret.
  3. Bitcoin was invented by Satoshi Nakamoto on dated 3rd January 2009.
  4. The first Bitcoin transaction was on dated 12th January 2009.
  5. It is still unclear that the Satoshi Nakamoto is a name of person or group of people.
  6. It can be used to buy items or service online and in person as well.
  7. The process of creation of Bitcoin is known as mining.
  8. There is a finite number of Bitcoins (21,000,000).
  9. Its network is more powerful than 500 Super computer put together.
  10. No single entity or government has controlled over the Bitcoin.
  11. All data from Bitcoin transactions are transparent and can be seen on Blockchain.
  12. The unit of Bitcoin systems is BTC and XBT.
  13. The smallest unit of Bitcoin is called Satoshi.
  14. One Satoshi is representing 0.00000001 Bitcoin.
  15. 5% of the world’s Bitcoin owned by FBI.
  16. The first Bitcoin purchase was for Pizza on dated 22nd May 2010.That’s why, 22nd May is celebrated as Bitcoin Pizza Day.
  17. In fact, it was the first official purchase of goods through Bitcoin. And it was the worth of 10,000 BTC or $41.
  18. Bitcoins are held in digital wallet. If you lost wallet then you lost Bitcoin forever.
  19. The first Bitcoin cash machine was installed in Vancouver, Canada.
  20. As of now, 1,402 Bitcoin ATMs in worldwide in 55 countries.
  21. There will only ever be 21 million Bitcoins.
  22. The last Bitcoin will be mined in 2040.
  23. It have a history that remains with it, making it very difficult to fake.
  24. One Bitcoin transaction consumes 3,994 times more energy than a credit card transaction.
  25. Circle, Blockstream and Digital Asset Holdings are three big Bitcoin start ups.
  26. Approximately, 3600 Bitcoins are mined every day.
  27. Mel B who is the first musical artist accepting Bitcoin as payment for her music.
  28. org domain was registered on dated 18th August 2010.
  29. Japan allowed Bitcoin as a legal payment method since 1st April 2017.
  30. 64% of Bitcoins have never been used and might never be used.
  31. Approximately 81% the Bitcoin networks are controlling by Chinese Mining Pools.
  32. There are 7 Bitcoin debit cards for business and individuals.
  33. Ethereum with a market cap 18.7B coins and Litecoin with a market cap 2.27B coins are believed to be its successors.
  34. Someone can earn extra Bitcoins by playing Blockchain game.
  35. University of Nicosia, Cyprus was the first university to accept tuition fees to be paid in Bitcoin.
  36. Falcon, a Swiss Private Bank is the first bank to sell Bitcoin to its clients.
  37. 2, 00,000 amounts of Bitcoins are used in transaction every day.
  38. There are 5.8 million users that have Bitcoin digital wallets in worldwide.
  39. North America has over 75% of the world’s Bitcoin ATMs.
  40. Lamborghini was the first auto manufacturer that accepts Bitcoin as payment for their car.
  41. Refunds are not allowed in Bitcoin transaction.
  42. James Howells threw away his hard drive and with it $7.5 million worth of Bitcoins.
  43. It’s illegal in Bangladesh, Bolivia, Ecuador, Iceland, Kyrgyzstan, Saudi Arabia, Thailand and Vietnam.
  44. In fact, Thailand is the first country to outlaw the Bitcoin.
  45. Virgin Galactic which is theoretical space travel club accepts Bitcoin.
  46. Microsoft, Dell, PayPal, Expedia, Overstock, Steam, TigerDirect and Dish Network are the examples of the companies that accept Bitcoin as payment.
  47. 1% of the Bitcoin community controls 99% of the world’s wealth.
  48. Australia, Japan, Russia and Venezuela have made Bitcoin as an official legal tender.
  49. Around 5% of the Bitcoin economy is active on Silk Road online black market.
  50. The world largest Bitcoin exchange MT Gox crashed in and price fell by 40%.
  51. Kreuzberg is a shopping area in Berlin which is Bitcoin friendly.
  52. Anyone can buy Pizza in Netherland though Bitcoin.
  53. China banned Betcoin as banking trading in 2013.
  54. A Bitcoin was worth 4 cents in 2010.
  55. Bitcoin value has multiplied 879,999 times from 2010 to 2017.
  56. Its market Cap is 75.8B by August 2017.
  57. Bithumb which is the 4th largest Bitcoin exchange was hacked for billions of dollars in July 2017.
  58. Someone accidentally sent $137,000 worth of Bitcoin instead of $5 with no way to get it back.
  59. Austin Craig and Beccy Bingham showed how one can survive 90days on Bitcoin.
  60. Roger Ver( 52M), Charlie Shrem (45M) and Dave Carlson (35M) are the Bitcoin Millionaires.
  61. Finland exempts it from VAT and treats it as commodity in 2014.
  62. 90% of all its addresses have less than 0.1 BTC.
  63. 17 million Bitcoins are expected to be in use in 10 years.
  64. Alphabay Phisher Phishkingz made $1 million in 14 months by stealing Bitcoins.
  65. SHA256 which is a cryptographic hash function is used in Bitcoin address creation.
  66. Only 807 people have declared ever income tax for Bitcoin in the worldwide.
  67. A new block of coin is solved every 10 minutes.
  68. Belgium exempts Bitcoin from VAT transaction.
  69. Antpool which is a Chinese mining pool mined around 20% of all blocks in the period of 2016-2017.
  70. Top 1000 Bitcoin addresses control 34.28% of total Bitcoin in circulation.

 

Friends, I hope you like this amazing and interesting facts about Bitcoin. Kindly share this article with your three friends and colleagues.

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