Presented without commentary.
Enjoy, and be well, Everyone.
Best 101 Bitcoin Facts
Once Bitcoin was known only for a very narrow circle of people, but now practically everyone is talking about it (maybe not using but talking for sure).
This digital currency was created in 2009 on the base of a decentralized network of nodes by a mysterious person (or a group of people) known as Satoshi Nakamoto who preferred to stay anonymous. Bitcoin was launched to function as a simple currency like the euro or the dollar.
For several years, experts and enthusiasts have been arguing whether this kind of digital assets will survive and thrive or its days are numbered. The first concerns on Bitcoin’s viability were sounded by a number of influential media in 2011, when a crypto exchange Mt. Gox suffered the first hack in its history.
The value of Bitcoin has changed dramatically throughout its life cycle. It is believed that the first Bitcoin cost just $0.00007 based on the price of electricity used for its generation. Nevertheless, we all remember its record height. Less than a year ago it was traded for nearly $20,000 which is over 275 mln more that the initial price!
In January 2018, it was announced that 80% of the entire Bitcoin supply had been already mined. So, it took 9 years to mine 80% of Bitcoins. Nevertheless, given the fact that the reward that miners receive for mining Bitcoin is halved every four years, more than 100 years will be needed to mine the other 20%.
The founder (or founders) of Bitcoin wanted to create a decentralized market. But the today’s reality is that two-thirds of Bitcoin issued is controlled by only 1,000 people which is only 1% of market participants.
Bitcoin is believed to be the most well-known and powerful cryptocurrencies in the world. But are there such people who really think that they know everything about it? Let us present to your attention 101 most interesting facts about Bitcoin that were prepared by PlayCasinoOnline. Enjoy!
Social Media Platforms and Meetups
Follow Tiny Crypto Blog on Twitter @tinycryptoblog
You can also follow new posts on Facebook
If you’re ever in Chicago, you’re always welcome to swing by one of the live meetups.
Use the Brave browser and block unwanted ads and decide which websites YOU want to support! https://brave.com/tin140
Looking to start purchasing cryptos? Open an account at Coinbase, and you’ll receive $10 in free bitcoin for your first purchase of $100 or more. Link HERE
Binance is a great exchange to buy and sell cryptos. More Info Here
Kucoin is also a good option for coins not listed on Binance. More Info Here
Changelly is a good option for exchanging coins without having to use an exchange and the fees are reasonable. More Info Here
Mining Cryptocurrencies on your PC
Are you new to cryptos and want an easy way to mine them? The easiest way to get started is to use the Honeyminer. More Info Here
If you’re a little more technical, Minergate is a good option as well. More Info Here
Need a good, basic crypto wallet? Download the Exodus wallet
I manage this blog because I love being involved in the space and sharing what I’ve learned. If you’d like to say “thanks” in return, you can do so over at the TIP JAR
I also happily accept Smartcash tips
Categories: Bitcoin., Education Material, infographic
Leave a Reply