Five facts about cryptocurrency that are worth knowing
The digital asset market is still highly volatile
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1. The value of the cryptocurrency market has exceeded $1 trillion for the first time in its 12-year history
According to the cryptocurrency analysis service CoinMarketCap, on January 7, the value of one of the most popular cryptocurrencies, Bitcoin (BTC), reached a historical maximum and exceeded $39 thousand. Over the year, Bitcoin has increased in price several times: back in March, its price was $5 thousand. The market capitalization of Bitcoin has crossed the $700 thousand mark for the first time, and the total market capitalization of all cryptocurrencies now, as calculated by the Independent, exceeds the total value of such payment systems as Mastercard and Visa. According to Konstantin Anisimov, CEO of the cryptocurrency exchange CEX.IO, the digital currency will become increasingly attractive to institutional and private investors. The expert suggests that the value of BTC will continue to grow in the near future and will reach $50 thousand by the end of the first quarter of 2021. #btc #eth #WBTH #bnbCoin
Bitcoin, created in 2009. The idea of Proof-of-Work was first formulated by Adam Back in 1997 when he published a paper titled "Hashcash — a countermeasure to denial-of-service attacks." This work served as the foundation for Satoshi Nakamoto when developing the concept of Bitcoin. August 18, 2008 — the true birthday of Bitcoin. It was on this day that the domain bitcoin.org was officially registered. On January 3, 2009, the first block was formed, which included a headline from The Times newspaper: Chancellor on brink of second bailout for banks. The first transaction was made on January 12, 2009. It was addressed to Hal Finney and contained 50 BTC. According to preliminary estimates, the last Bitcoin will be created in 2140.
Various estimates suggest that about 20% of all BTC are considered permanently lost. This is due to many people who started mining or buying Bitcoin in its early days losing access to their wallets or forgetting about the existence of cryptocurrency.
On October 29, 2013, the world's first BTC ATM was installed at Waves Coffee House in downtown Vancouver. Following this event, the price of Bitcoin increased by $126. There are now over 30,000 crypto ATMs operating worldwide.