In a short time it has created a lot of market turmoil and controversy, but bitcoin is still attractive to a large number of investors.
Even the most technologically savvy of us also have a hard time finding out about Bitcoin. This currency is a hot topic and is discussed frequently in the investment community. So, there are many things you should know about it.
For beginners, here is a simple explanation for bitcoin: Bitcoin is a digital currency that is not controlled by a central authority like a government or a bank.
It is made up of "bitcoin miners" who use computers and specialized software to perform transactional algorithms to ensure the safety of the system of this currency and to accumulate bitcoin in trading. Supporters say that bitcoin allows transactions over the internet to become safer by recording and storing all transaction information.
Although it was introduced in 8.5 years, bitcoin is considered the oldest and most valuable currency in history. In a short time it has created a lot of market turmoil and controversy, but bitcoin is still attractive to a large number of investors.
According to Entrepreneur, here are 10 facts that everyone should know about bitcoin.
- The origin of bitcoin
Bitcoin was born in 2008 when its predecessor, nicknamed Satoshi Nakamoto, published a document describing a peer-to-peer digital system called bitcoin. .
Nakamoto left the project in 2010 and disappeared, but other "miners" continued the work. The birthday of bitcoin was on January 3 when Nakamoto dug 50 first bitcoin units.
- The identity of the bitcoin creator is still unknown
Until now, the true identity of the person behind the bitcoin has not yet been revealed. Newsweek has claimed to have identified the "bitcoin" father in 2014, residents of Dorian City Satoshi Nakamoto. However, this man has denied.
By 2015, Australian entrepreneur Craig Wright identifies himself as the creator of bitcoin but can not provide convincing evidence. Late last year, he went on to produce evidence, and after The Economist approached Wright, the conclusion was most likely that this was Satoshi Nakamoto. No matter who Nakamoto is, it's definitely a very rich man, because it is estimated that this founder has "dug" millions of bits from the beginning.
- The most expensive pizza of all time is bought with bitcoin
The first transaction involving bitcoin took place on May 22, 2010 when a programmer named Laszlo Hanyecz said that he had successfully traded 10,000 bitcoins for a pizza. As of 20/09/2017, 10,000 bitcoin is worth about $ 38 million and this is the most expensive pizza in the world.
- You can shop by bitcoin
This may sound unbelievable, but it is clear that people still can use bitcoin to buy goods. Many large businesses now accept virtual currency payments including Overstock.com, Expedia, Newegg and Dish. Peach Aviation became the first airline in Japan to accept Bitcoin airfares in the context of low-cost airlines trying to attract Asian customers.
- The US government once owned a lot of bitcoin
At one point the US government was one of the most bitcoin-holding places. In 2013, after the FBI closed the Silk Road - a black web where people could buy drugs and illegal goods, services, the US government took over the bitcoin wallet that the website This management, one of which holds about 144,000 units of bitcoin. The bitcoin was auctioned off and there are still auctions of pirated bitcoins from illegal activities.