CRYPTOCURRENCY FACTS

CRYPTOCURRENCY FACTS

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  • The mother of all cryptocurrency coins is Bitcoin which was founded on the 18th of August 2008

  • Satoshi Nakamoto who is given credit as the founder of Bitcoin has never claimed ownership of the codes. The founder is anonymous till date.

  • 1 Bitcoin was worth $0.003 in 2009 and in 2010 one of the developers paid for 2 pizzas with 10,000 bitcoins , this is the origin of Bitcoin pizza day.

  • Due to limit of possible amount of Bitcoin that can be mined, it is predicted that the last Bitcoin will be mined in 2140 to sum up 21 million Bitcoin in circulation.

  • Billion dollars worth of Bitcoin has been lost due to owners losing their private key.

  • 1 satoshi/byte = 0.00000001 Bitcoin

  • The first University to accept Cryptocurrency as tuition fee is University of Nicosia,Cyprus.

  • The use of bull and bear in stock market is from the fact that bears atrack downwards while bulls attack upward.

  • The only year that Bitcoin didn't witness an increase from the beginning of the year to end is 2014 and it's as a result of the MtGox hack.

  • Cryptocurrency is here to stay

photo credit~ Pixabay

Thanks for reading

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Ha...
That pizza guy again

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