Cryptocurrency is a revolutionary step in the world of economy and trading. Ever since itβs origin, it has been a topic of debate and has got many nicknames like digital money, future of the economy, financial revolution and much more.
However, there are a lot of things unknown about cryptocurrency and despite its popularity, not all people are well-aware of this digital currency.
So, I thought that why not in this article, I discuss various fun facts about cryptocurrency that I am sure you must have never heard about.
Read this article to explore more about cryptocurrency.
- A small unit of Bitcoin is called Satoshi
Strangely, not many people know that there is a smaller unit of Bitcoin, than BTC. 1 BTC stands for 0.00000001 Bitcoin. But there are further smaller units of Bitcoins that are called milliBitcoin and Satoshi.
- The creator of Bitcoin is anonymousΒ
Who created Bitcoin is still a mystery. Though many people including media tried to solve this mystery but till now no success. In early 2008, the white papers of Bitcoin were released under the pseudonym, Satoshi Nakamoto. It is still unknown, whether there was a single person or a group of people hiding behind this name. So, whoever this person is, he is responsible for creating the worldβs first cryptocurrency.
However, it also said that Satoshi never planned to create cryptocurrency at all. All he wanted was to create a decentralized cash payment system. However, it all turned out to be something else. The rest they say is history.
- Most expensive pizza in the world costs 10000 BTCΒ
Did you know, that 22 May 2010, is remembered as the worldβs Bitcoin pizza day? During this day, a Hungarian programmer Laszlo Hanyecz made the very first purchase with 10,000 Bitcoins that he had mined. He purchased two pizzas from Papa johnβs two pizzas and paid 10,000 BTC. At that time the worth of Bitcoin was less, however in the present time the value of 10,000 BTC to almost 180 million dollars, which makes those pizzas the most expensive pizzas in the entire history.
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- 21 million Bitcoins is all we have!Β
Ok, this may come as a surprise but there is no infinite amount of Bitcoins and one day, finally, Bitcoin will come to an end and you will not be able to mine anymore and there would no Bitcoin left to mine! The final number of Bitcoin is already known and it is 21 million.
The last Bitcoin is said to be mined in 2140. After that, there will no new owners of Bitcoin and it will be limited to just a certain number of people.
- FBI owns BitcoinΒ
Yes, it is true indeed! Not only traders but the FBI is also the owner of Bitcoin and mind you, it is the owner of one of the biggest Bitcoin wallets in the world with around $120 million Bitcoins. Now, you may think how is this possible? Does FBI trade Bitcoin too? Let me set the records straight, this not the case. FBI had busted one of the most famous dark web websites βSilk Roadβ that used to sell illegal stuff like drugs in exchange for Bitcoin.
Soon, the FBI busted the culprit, shut the website, and seized the wallets operated by the website which consists of a huge amount of Bitcoins. It made the FBI one of the biggest owners of Bitcoin.
What do you think about Cryptocurrency? Do you want to trade cryptocurrency in the future? What do you think? Please share with us your thoughts regarding this article.
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