LIVEš»HereĀ“s 5 another interesting facts and lesser-known aspects about Bitcoin:
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First Bitcoin Transaction: The first recorded Bitcoin transaction was between Satoshi Nakamoto and the late Hal Finney. Finney was a cryptographic pioneer and received 10 bitcoins from Nakamoto in January 2009.
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Mt. Gox Hack: One of the most infamous events in Bitcoin history was the hack of Mt. Gox, a Japan-based Bitcoin exchange, in 2014. It resulted in the loss of approximately 850,000 bitcoins, making it one of the largest cryptocurrency thefts.
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Halving Events: Bitcoin undergoes a "halving" roughly every four years, reducing the reward for miners by half. This is programmed into the system to control inflation and mimic the scarcity of precious metals. The most recent halving occurred in May 2020.
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Decentralized Nature: Bitcoin operates on a decentralized network of nodes, which means no single entity or government controls it. This decentralized nature is a key feature and contributes to Bitcoin's resilience.
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Blockchain Forks: Bitcoin has experienced several "forks" in its history, where the underlying protocol is split into two different versions. Examples include Bitcoin Cash (BCH) and Bitcoin SV (BSV), each with its own set of features and community.
Did you know about this interesting facts?š¤
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