Welcome! To the another article of Culturious,today we are going to inform you about 10 Amazing things you didn’t know about Bitcoin!
The first financial transaction using Bitcoin was for two pizzas.
Ever wonder what the first Bitcoin transaction was? Believe it or not, the answer might surprise you. Many people assume that it was a drug deal or gun money. As some of the things you didn't know about Bitcoin are though, this answer is surprisingly wholesome.
The world's first ever real-life payment using Bitcoin happened on May 22, 2010. A programmer who had invested in 10,000 Bitcoins decided to spend them all on two pizzas from Papa John's.
The pizzas were allegedly delicious, but somehow, we're willing to bet that the programmer might be kicking himself. Had those 10,000 Bitcoins been saved, they would be worth a whopping $82 million or more today.
Today, people in the crypto world call May 22 Bitcoin Pizza Day.
Bitcoin sparked a massive large-scale mining industry.
You might be aware that Bitcoin mining can be profitable—and at one point, you might have even considered getting some Bitcoin mining hardware too. Before you whip out your credit card, take pause.
Though you can make some profit, the window of small-scale Bitcoin profitability is shrinking. To make a sizable profit, you would need to buy mining hardware in bulk, and have enough storage space to ensure that your mining operation will stay cool.
The Bitcoin network is currently more powerful than the best supercomputers in the world.
Decentralization means that we get to enjoy the computing power of a whole slew of different systems, all banded together to create something even more powerful. Currently, the Bitcoin system has power that scales over 64 exaFLOPS.
For reference, the 500 most powerful computers in the world have a combined computing power of a quarter of a single exaFLOP. All that combined Bitcoin mining power really makes a difference, doesn't it?
Due to the lengthy criminal activity associated with Bitcoin, the FBI has the second-largest Bitcoin wallet—with Satoshi Nakamoto being the one with the most coins.
It's scary, but true. The FBI has been using Bitcoin as a way to snare criminals for quite some time. When the FBI worked to shut down Silk Road (and the sites like it afterwards), it confiscated all the earnings that the illegal trade network had.
All the Bitcoin confiscated led to the FBI owning one of the largest sums of Bitcoin found.
64% of Bitcoin Addresses on the Blockchain are Ghosts
It is estimated that more than 60% of the Bitcoin addresses currently generated on the Blockchain are of users who lost their private keys or users who are not able to use bitcoins. Two of these addresses have over 10,000 BTC but have never been used or accessed since 2011.
The largest ever made transaction on the Blockchain contains 194,933 BTC
which at that time was worth around £114 million.
You can build your own
With Build a Coin project you can build your own currency. This isn’t building an app for Etherium or an API to some existing currency. This project helps you build the code to support your own virtual digital fiat currency!
Bitcoin was sent to space.
A physical representation was already shot into space thanks to the Bitcoin mining company known as Genesis Mining. The Bitcoin, along with a paper wallet, was tied to a weather balloon and sent off into the sky. After it reached over 20 kilometers into the sky, they added Bitcoin onto the paper wallet.
The Bitcoin wallet soared to a maximum height of 34 kilometers, which exceeded the stratosphere. (And they said the price of Bitcoin was sky high!)
It was created by an anonymous person
To this day he or she is still unknown but goes under the name Satosi Nakamoto,we don't even know if it is one person or a group of people!
There will only ever be 21 Million bitcoin
As a currency There will only ever be 21 Million bitcoin, we can know exactly when all the 21M bitcoin will be mined
That’s it for today! I sure did not know all these great facts before! What about you? Which fact surprised you the most? Let me know down in the comments.Want to see better daily posts? please up vote and follow! Thank you and remember stay CULTURIOUS!
"Culture is the arts elevated to a set of beliefs."
–Thomas Wolfe