Few Interesting Facts About BITCOIN!
âąBitcoin's Genesis Block was mined on January 3, 2009, and its creator, Satoshi Nakamoto, remains unknown.
âąThe capped supply of Bitcoin is 21 million, mirroring the scarcity of precious metals like gold.
âąHalving events occur approximately every four years, reducing the rate of new bitcoin creation.
âąBitcoin operates on a decentralized network of nodes, making it resistant to censorship.
âąBitcoin transactions are validated through mining, a Proof of Work mechanism that ensures network security.
âąOn May 22, 2010, Laszlo Hanyecz made the first real-world Bitcoin transaction, paying 10,000 bitcoins for two pizzas.
âąBitcoin's value has experienced significant volatility, reaching an all-time high of over $60,000 in 2021.
âąBitcoin transactions are pseudonymous, and the misconception of complete anonymity exists.
âąA significant number of bitcoins are lost or inaccessible due to lost private keys or hardware wallets.
âąBitcoin is accepted by major merchants like Microsoft, AT&T, and Overstock, and some countries recognize it as legal tender.
âąBitcoin introduced blockchain technology, now widely used beyond cryptocurrencies in various applications.
âąRegulatory environments for Bitcoin vary globally, shaping its future in the financial landscape.
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