By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Icy Tales
  • Entertainment
    • Books
    • Games
    • Gaming
    • Movies
      • Bollywood Movies
      • Hollywood Movies
      • Music
  • Icy Tales Exclusive
  • Food For Thought
    • Humanity
    • Inspirational
    • Issues that Concern Us
    • Personality
    • Environment
  • Living Life
    • Lifestyle
    • Fashion
      • Beauty
      • Hair
      • Makeup & Skincare
    • Fitness
    • Food
    • Health
    • Life Hacks
  • Stories and Poems
  • Student’s Corner
Search
  • Contact
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: 5 Interesting Facts About Bitcoin
Share
Notification Show More
Latest News
The diary of a teenage girl
The Diary of a Teenage Girl: 8 Exclusive Facts Before You See
February 7, 2023
A group of friends sitting at a table at a cafe on their laptops. Photo by Brooke Cagle on Unsplash
Why People Prefer Entertaining Hobbies to Personal Growth Hobbies
February 7, 2023
Explore The Isles Of Scilly : All You Need To Know About It 1
Explore The Isles Of Scilly : All You Need To Know About It
February 6, 2023
Dog waiting for its food.
Types of Dog Food Every Dog Lover Should Know About (2023)
February 6, 2023
Anti anxiety.
Unveiling the Science of Anti-Anxiety Properties in Cake Disposable 
February 6, 2023
Aa
Icy Tales
Aa
  • About Us
  • Advertise With Us
  • Icy Tales Writing Agency
  • Icy Tales Recruitment Help
  • Privacy Policy
  • Cookie Policy (CA)
  • Terms & conditions
  • Code of Ethics
Search
  • Entertainment
    • Books
    • Games
    • Gaming
    • Movies
  • Icy Tales Exclusive
  • Food For Thought
    • Humanity
    • Inspirational
    • Issues that Concern Us
    • Personality
    • Environment
  • Living Life
    • Lifestyle
    • Fashion
    • Fitness
    • Food
    • Health
    • Life Hacks
  • Stories and Poems
  • Student’s Corner
Follow US
  • Contact
  • Complaint
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Icy Tales > Living Life > 5 Interesting Facts About Bitcoin
Living Life

5 Interesting Facts About Bitcoin

Icy Tales Team
Icy Tales Team February 8, 2018
Updated 2020/12/28 at 6:14 PM
Share
4 Min Read
5 Interesting Facts About Bitcoin 2
SHARE

With Bitcoin generating a huge amount of interest from people across the globe, and an increasing number of people opting to use the decentralized system, how much do you really know about bitcoin? From its in consumer retail, to the rise of BTC gambling, knowing about Bitcoin is more important now than ever before. For everything you need to know – but didn’t know – about bitcoin, take a look at the following interesting facts!

5 Interesting Facts About Bitcoin 3

Who Is Bitcoin’s Creator?

Bitcoin creator, Satoshi Nakamoto, is still a mystery figure and is simply a name used by the person or persons who created bitcoin. Due to this, there is still a mass of doubt about the real identify of the creator of bitcoin. Over the years, several individuals have been linked with the name, including Computer Scientist, Nick Szabo, and Hal Finney, a developer for PGP Corporation. Others, however, believe that ‘Nakamoto’ is a team of people, as opposed to a specific individual. For now, the mystery lives on. (Full story: Comprar bitcoin en un exchange)

Bitcoins Are Limited In Number

You might have heard about bitcoin mining – the process from which bitcoins are generated digitally. So, does this mean that there is an infinite number of bitcoins? Unfortunately not. The number of bitcoins remains limited due to a pre-defined schedule. As we approach the grand total of 21 million, the mining process is becoming significantly more difficult.

It’s Impossible To Know The Sender & Receiver Details

Did you know that bitcoin addresses are a long string of 26-35 alphanumeric characters? When using that address, it is virtually impossible to tell who the recipient is, which can help to add to the anonymous element of the cryptocurrency. While you can see when transactions were made, the actual bitcoin address is not associated to any personal details, keeping your identity secure. Moreover, several wallet programs assign the users a portfolio ID, which helps protect the privacy of the user even further.

Pizza Was The First Thing Purchased Using Bitcoin

The first bitcoin transaction took place between Satoshi and Hal Finney in 2009, and the first recorded purchase was made for – you guessed it – pizza. Costing a mere $25, 10,000 bitcoins were spent in total for a slice of cheesy heaven. Quite frankly, we can’t think of anything better to spend it on!

Bitcoin Has Been Sent Into Outer Space

Two years ago, Genesis Mining did that thing and sent bitcoin to space. Using a 3D bitcoin model and a bitcoin paper wallet tied to a weather balloon, the entire journey was recorded using nothing but a GoPro.

When the weather balloon reached an uneasy height of 20 kilometres, the ground team then made the transaction to the paper wallet. Once the wallet climbed to the maximum possible altitude of 34 kms, another transfer was made.

Even though bitcoins don’t grow on trees, there are numerous other interesting things to know about bitcoin. After all, who knew that pizza was the first thing purchased using bitcoin? We certainly didn’t!

5 Interesting Facts About Bitcoin 4

You Might Also Like

Unveiling the Science of Anti-Anxiety Properties in Cake Disposable 

10 Countries With the Strongest Military in the World

What to Drink for Acid Reflux : 8 Excellent Drinks

What to Wear to a Bridal Shower? 9 Beautiful Options

How to Curl Hair with Flat Iron: 14 Easy Pointers

Icy Tales Team February 8, 2018
Share this Article
Facebook TwitterEmail Print
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
1 Comment 1 Comment
  • Pingback: European Countries With the Highest and Lowest Bitcoin Taxes – Lambo Soon BTC to The Moon!

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay Connected

22.2k Followers Like
13k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
334 Subscribers Subscribe

Latest News

The diary of a teenage girl
The Diary of a Teenage Girl: 8 Exclusive Facts Before You See
Entertainment Movies February 7, 2023
A group of friends sitting at a table at a cafe on their laptops. Photo by Brooke Cagle on Unsplash
Why People Prefer Entertaining Hobbies to Personal Growth Hobbies
Lifestyle February 7, 2023
Explore The Isles Of Scilly : All You Need To Know About It 5
Explore The Isles Of Scilly : All You Need To Know About It
Travel Advice Places to Explore February 6, 2023
Dog waiting for its food.
Types of Dog Food Every Dog Lover Should Know About (2023)
Things To Know About February 6, 2023

You Might also Like

Anti anxiety.
Living LifeHealth

Unveiling the Science of Anti-Anxiety Properties in Cake Disposable 

February 6, 2023
strongest military in 10 countries in the world
Living Life

10 Countries With the Strongest Military in the World

February 6, 2023

What to Drink for Acid Reflux : 8 Excellent Drinks

February 6, 2023
what to wear to a bridal shower
Fashion

What to Wear to a Bridal Shower? 9 Beautiful Options

February 5, 2023
// @Icy Tales

A Property of Icy Media https://www.icymedia.ca

#1407, 3083 East Kent Ave N,Vancouver, V5S 4R2,

Canada

Whatsapp – +1-778-951-2734

Disclosure statement:

Every time you make a purchase from one of the products we talked about, we may earn a tiny bit of commission – at no cost to you! This doesn’t influence our decision-making; it just helps keep our small business alive!

  • About Us
  • Advertise With Us
  • Icy Tales Writing Agency
  • Icy Tales Recruitment Help
  • Privacy Policy
  • Cookie Policy (CA)
  • Terms & conditions
  • Code of Ethics
Follow US

© 2022 Icy Tales. All Rights Reserved.

  • About Us
  • Advertise With Us
  • Icy Tales Writing Agency
  • Icy Tales Recruitment Help
  • Privacy Policy
  • Cookie Policy (CA)
  • Terms & conditions
  • Code of Ethics

Removed from reading list

Undo
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Register Lost your password?