Facts about Bitcoin [BTC] you should know

in bitcoin •  2 years ago

Bitcoin

Mineable Currency with own Blockchain


Currency Code: BTC
Max Supply: 21 mln. BTC
Algorithm: sha256
Konsensus: Proof of Work
Published: 2008
Block Time: 10 Minutes
Block Size: 1 MB (after Nov 2017: 2 MB)
Percentage of total Bitcoins mined: 78.65%
Bitcoin inflation rate per annum: 3.89%
Bitcoin inflation rate per annum at next block halving event: 1.73%
Website: https://www.bitcoincash.org

Block Mining Rewards:

Unique Selling Point


• The First and the Father of a lot of Crypto Currencies
• Worldwide Cryptocurrency and Digital Payment System
• Peer-to-Peer System (Transactions take place between Users directly, without an Intermediary)
• Transactions verified by Network Nodes and recorded in a public distributed (blockchain) by Miners
• No central repository or single administrator -> first decentralized digital currency
• Coins created as a reward for mining

Data of 2017-08-19


• Market Cap: 16,515,625 BTC / $68,205,072,031
• Volume (24h) 818,695 BTC / $3,363,640,000
• Circulating Supply 16,515,625 BTC
https://coinmarketcap.com/currencies/bitcoin/
https://www.cryptocompare.com/coins/btc/analysis/EUR

Milestones


• Nov. 2008: Conception published
• Jan. 2009: First Network
• Feb. 2015: over 100,000 merchants and vendors accepted bitcoin as payment
• 2017: 2.9 to 5.8 million unique users using a cryptocurrency wallet, mostly Bitcoin [Cambridge University]

Executive Team (for Bitcoin.com)


(Bitcoin.com is a source dedicated towards all things Bitcoin related, not an official team for Bitcoin as that’s run by a decentralized community)
• Roger Ver – CEO
• Mate Tokay – COO
• Emil Oldenburg – CTO
• Natalia Ra – CFO

Development Team


• Satoshi Nakamoto

  • Claimed Name for the Designer/Creator, maybe one Person or a Team,
  • Maybe the Australian Computer Expert and Entrepreneur Craig Steven Wright (visited by the Police on the next few days)

• A list of developers and their github accounts can be found here (Most are just usernames): https://bitcoin.org/en/development
• All Developer are paid by private companies and not by the network itself

Development Team – Only For Bitcoin.com


• Clark Moody - Senior Developer
• Shaun Chong (Developer)
• Arsen Gasparyan (Developer)
• Joakim Johansson (Developer)
• Triet Cao (Developer)
• Joey King (Developer)
• Sam Cheng Hung (Developer)

Notable Miners


• Antpool - Beijing, China
• DiscusFish/P2Pool - China (Beijing, Qingdao, Guangzhou), U.S. West Coast From Forums
• Bitfury - Iceland and Republic of Georgia

Articles about some Bitcoin Mines


• A Russian Bitcoin Mine: https://steemit.com/bitcoin/@raven5478/largest-bitcoin-farm-in-russia-earns-millions-of-dollars-each-month-on-a-secret-location
• A Chinese Bitcoin Mine: https://coinspondent.de/2014/08/30/noch-mehr-chinesische-mining-madness/

Outforks


• Bitcoin XT (15 August 2015)
• Bitcoin Classic (Initial 10 February 2016. Stable 5 January 2017, https://bitcoinclassic.com)
• Bitcoin Unlimited (Peer-to-Peer Electronic Cash System. Initial January 2016. Stable 11 May 2017. https://www.bitcoinunlimited.info)
• Bitcoin Cash (1 August 2017. https://www.bitcoincash.org)

Topical Statistics


• Bitcoin-Opensource-Code: https://github.com/bitcoin/bitcoin
• Most interested Charts: https://blockchain.info/charts
• Summary of bitcoin statistics for the previous 24 hour period: https://blockchain.info/en/stats
• Mining Pool Statistics: http://p2pool.info/
• Comparison of mining pools: https://en.bitcoin.it/wiki/Comparison_of_mining_pools
• Pool Distribution, Difficulty, Block Size, Transaction Fees, Block Version, Address Rich List, Unconfirmed Transactions: https://btc.com/stats
• Market information: https://coinmarketcap.com/currencies/bitcoin
• Bitcoin (BTC) price stats and information: https://bitinfocharts.com/bitcoin/
• Bitcoin Block Size historical chart: https://bitinfocharts.com/comparison/bitcoin-size.html
• Bitcoin Fork Monitor: https://www.btcforkmonitor.info
• MemPool: https://blockchain.info/de/charts/mempool-size
• Unconfirmed Transaction, Pending Transaction Fee, MemPool Size: https://jochen-hoenicke.de/queue/#24h
• Top 100 Richest Bitcoin Addresses: http://bitcoinrichlist.com/top100
• Famous Bitcoiners who left crypto: https://amp.reddit.com/r/Bitcoin/comments/68a9n0/famous_bitcoiners_who_left_crypto/
• ViaBTC Mining Calculator for BTC/BCH/LTC: https://pool.viabtc.com/tools/BCC/calculator/

Interesting to read


• Understanding Segwit Block Size: https://medium.com/@jimmysong/understanding-segwit-block-size-fd901b87c9d4
• If invested $ in Bitcoin on .. http://whatifbitcoin.com/ (for € use https://www.finantio.de/bitcoin-kaufen/ )
• 10 Awesome Bitcoin facts: https://steemit.com/bitcoin/@andrej1/10-awesome-bitcoin-facts
• Christian Decker on Bitcoin Network Improvements, Tradeoffs and Finding the Block Size “Sweet Spot”: http://www.altcointoday.com/christian-decker-bitcoin-network-improvements-tradeoffs-finding-block-size-sweet-spot/
• The simalar article in German: Wir haben ausgerechnet, was passiert, wenn wir immer größere Blöcke haben. Ab einem bestimmten Wert kommt es zu Problemen: https://bitcoinblog.de/2016/06/14/wir-haben-ausgerechnet-was-passiert-wenn-wir-immer-groessere-bloecke-haben-ab-einem-bestimmten-wert-kommt-es-zu-problemen/

Sources


Many Thanks to @gspeagle for https://steemit.com/blockchain/@gspeagle/top-30-cryptocurrencies-names-of-executives-and-developers-and-location-of-servers-and-country-of-origin

https://bitcoin.org/
https://www.bitcoin.com/
https://bitcointalk.org/
http://bitfury.com/
https://www.wired.com/2011/11/mf_bitcoin/all/
http://coinmarketcap.de
http://www.bitcoinblockhalf.com/
http://www.manager-magazin.de/finanzen/artikel/digitalwaehrung-bitcoin-gruender-satoshi-nakamoto-gibt-identitaet-preis-a-1090354.html
https://en.wikipedia.org/wiki/List_of_bitcoin_forks
https://en.wikipedia.org/wiki/Bitcoin

For more Information


• Feel free following me @bitcoin-123 and/or send helpfull comments
• Facts about Bitcoin Cash [BCH] you should know: https://steemit.com/bitcoin/@bitcoin-123/facts-about-bitcoin-cash-bch-you-should-know
• and take a look to a list of my crypto related articles on SteemIt: http://123-bitcoin.de/krypto.html

Thanks for reading/upvoting ...

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
Loading...

Congratulations @bitcoin-123! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Hi. I am a volunteer bot for @resteembot that upvoted you.
Your post was chosen at random, as part of the advertisment campaign for @resteembot.
@resteembot is meant to help minnows get noticed by re-steeming their posts


To use the bot, one must follow it for at least 3 hours, and then make a transaction where the memo is the url of the post.
If you want to learn more - read the introduction post of @resteembot.
If you want help spread the word - read the advertisment program post.


Steem ON!