10 Mind blowing Facts About Bitcoin

. Bitcoin Was created By Satoshi Nakamoto

Who is still today unknown to the entire word.
We even don’t know if he/she was a person or group of people or an organization.

. There Will Only Be 20 Million bitcoins

As a currency , there will only and ever be , 21 Million bitcoins.
We can know exactly the date and hour of the 21M bitcoins that will be mined.

. Bitcoin Is Operated By Users Not Institutions

In normal currency, transactions are made with the help of a third party which are banks.
In cryptocurrency it’s made peer to peer between users (directly from one to another.)

. Bitcoins Are Stored In Wallets Not Bank Accounts.

Users do not need to create bank accounts to store their money.
They can create a digital wallet and store their bitcoins safely.

. Bitcoin Owners/Sender/Receiver By Default Are Anonymous

During each transition , only wallet ID’s are represented , not the names of bitcoin owner.

. Satoshi Is The Smallest Unit Of Bitcoin

Bitcoin is divided into eight digits decimal

1 Satoshi = 0.00000001
10 Satoshi = 0.00000010
100 Satoshi = 0.00000100 = 1 Bit/you bit
1,000 Satoshi = 0.00001000
10,000 Satoshi = 0.00010000 = 1mBit/em-bit
100,000 Satoshi = 0.00100000
1,000,000 Satoshi = 0.01000000 = 1cBTC/bitcent
10,000,000 Satoshi = 0.10000000
100,00,000 Satoshi = 1.00000000

. Bitcoin Network Is Considered As Unhackable

Bitcoin network is protected by multi – grade cryptography , that needs quantum computing to be decrypted,which is physically impossible until now.

. A Million Dollar Pizza

In 2010 , a bitcoiner bought 2 pizzas online for 10,000 BTC ,which means that is now a days will be worth equal $ 40234632.This was considered as the first physical purchase with bitcoin

. The Biggest Bitcoin Transition

The biggest bitcoin transication ever made is 194 993 btc

. Bitcoin Network Is The Most Powerfull In The World

The bitcoin network is more powerful than the cumulative 500 world’s mega calculators