Facts

DID YOU KNOW?

One satoshi is the smallest unit of a cryptocurrency, worth 0.00000001 BTC in the case of Bitcoin.
The most surprising fact about cryptocurrency is the person or organization who created ‘bitcoin’ is unknown. However, people refer to the creator of bitcoin as Satoshi Nakamoto. A popular belief is that the name is an acronym for leading tech companies – Samsung-Toshiba-Nakamichi-Motorola.
On May 10, 2010, Laszlo Hanyecz spent 10,000 Bitcoin for 2 Papa John’s pizzas in Florida. This was the first recorded Bitcoin payment for goods, and was valued at about $40 at the time. That Bitcoin is now worth over $4 Billion.
$14 Billion in crypto was stolen by scammers in 2021, compared to $7.8 Billion in 2020.
Top 10 cryptos that have cornered the attention of investors include Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Bitcoin Cash, Filecoin, Ethereum Classic, Monero and Helium, accounting for $1.45-trillion market cap
Bill Gates has commented on Bitcoin many times saying things such as “Bitcoin is better than currency”.
Microsoft has been accepting Bitcoin for use in its online Xbox Store since 2014.
A faucet is a website that gives you cryptocurrency in exchange for completing simple tasks like viewing ads, solving captchas, surfing articles, etc.
Faucets exist for almost all cryptocurrencies. From the most popular, Bitcoin, to the most fun and useful, Dogecoin!
A staking pool allows multiple stakeholders (or bagholders) to combine their computational resources as a way to increase their chances of being rewarded.
In a stacking pool, stackholders unite their staking power in the process of verifying and validating new blocks, so they have a higher probability of earning the block rewards.
In Canada, the first bitcoin ATM was established. At 2013, the first Bitcoin ATM machine, Robocoin, was placed in a coffee shop in Canada.
You can buy and sell Bitcoin at Bitcoin ATMs. A bitcoin ATM is a machine that accepts cash and converts it into Bitcoin and other cryptocurrencies for your digital wallet. Some Bitcoin ATMs also allow you to sell Bitcoin and withdraw cash from the machine.
Mining of cryptocurrency is the process of verifying various forms of transactions before they are put on the Blockchain’s distributed ledger
Cryptocurrency Mining is a lucrative business and China controls around 75% control over the mining network.
A Blockchain is a type of diary or spreadsheet containing information about transactions. Each transaction generates a hash. Each block refers to the previous block and together make the Blockchain. A Blockchain is effective as it is spread over many computers, each of which have a copy of the Blockchain.
It is predicted that the last Bitcoin will be mined in the year 2140.
Though some countries banned the usage of cryptocurrencies, the cryptocurrency itself cannot be physically banned by anybody.

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