Facts about Bitcoin [BTC] you should know

in #bitcoin4 years ago (edited)


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


• 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/


• 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/


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


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

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