the most mind blowing facts about BITCOIN !!!!

in #bitcoin • 7 years ago

Some basic facts about Bitcoin:-

It is a form of virtual currency or digital currency i.e you cannot touch it or feel it.
It was introduced in January 2009, as an open source software.
No single person or organization controls the bitcoin.
The data for all the bitcoin transactions are transparent. However, the true identities of the people involved in any transaction are not revealed.
Some interesting facts:-

It was designed by a person or a group of persons under tSatoshi Satoshi Nakamoto.

The smallest transaction that can be made using bitcoin is 1 satoshi.
One satoshi is equivalent to 0.00000001 BTC (Bitcoin).

The supply of this currency is finite. There will only be 21 million bitcoins ever.
The first item to be purchased using bitcoin was pizza, on May 22, 2010. And the day is celebrated as Bitcoin Pizza Day since.


James Howells, an IT worker from Newport, accidentally threw a hard drive with 7,500 bitcoins.

Edit 1: The actual identity of ‘Satoshi Nakamoto’ is still unknown.

#blockchain #steemit
7 years ago in #bitcoin by
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     7 years ago 

    Followed and Upvoted, Keep up the good work and looking forward to more from you.

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       6 years ago 

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