Today I was talked with some guys that something knows about Bitcoin. But they are not sure about what is this and how it works. Someone said Bitcoin is created by Satoshi Nakamoto. But the developer behind bitcoin is worked anonymously as Satoshi Nakamoto. So here I am going to tell you some interesting facts about bitcoin that you maybe never listened before.
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.
Satoshi Nakamoto is the name used by the unknown person or group who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. They were active in the development of bitcoin up until December 2010. In the process they were the first to solve the double-spending problem for digital currency.
We still don't know who invented Bitcoin. But we do know he's rich
Here is some names that maybe real Satoshi Nakamoto.
- Nick Szabo
- Dorian Nakamoto
- Hal Finney
- Craig Steven Wright
So yet no clear real name available about Satoshi Nakamoto. But the person behind the name of Satoshi Nakamoto have one million bitcoins with a value estimated at approximately $7 billion USD as of November 2017. Now some amazing facts about bitcoin is listed below.
- Domain name Bitcoin.org registered on 18 August 2008.
- The word Bitcoin (BTC) first occurred and was defined in the WhitePaper that was published on 31 October 2008.
- First bitcoin transaction by Satoshi Nakamoto to Hal finney is 100 BTC on 12 January 2009.
- New Liberty standard publishes first exchange rate 1309.03 BTC/USD (buy/sell) on 5 October 2009.
- 1309.03 BTC/USD first exchange rate derived from the cost of electricity used by computer to mine the currency.
- First bitcoin to fiat exchange using Paypal New Liberty standard buys 5050 BTC from Sirius for 5 USD on 12 October 2009.
- Firstly Laszlo Hanyecz (a bitcointlk.org user) used Bitcoin to buy Pizza worth 25 USD and payed 10000 Bitcoin.
- Bitcoin price hits first time 1 USD on 9th Feburary 2011.
- 64% bitcoin sitting in accounts that have not been touched since the currency began.
- The maximum number of bitcoin is 21 million.
I hope you like this post. you can read my post on bitcoin that shows Every time is good to buy Bitcoin. So if you like my post please follow @jskvishal upvote, comment and re-steemit. Thank you for your valuable time.