Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It's decentralized, meaning no government or institution controls it.

Here are some key points about Bitcoin:

- *Limited supply*: Only 21 million Bitcoins will ever exist.
- *Decentralized*: Transactions are recorded on a public ledger (blockchain) without a central authority.
- *Digital gold*: Bitcoin is often seen as a store of value, like gold.
- *Fast and global*: Transactions are fast and borderless.
- *Security*: Bitcoin's decentralized nature and cryptographic algorithms make it a secure form of currency.
- *Volatility*: Bitcoin's value can fluctuate significantly.
- *Acceptance*: Bitcoin is accepted by many businesses and individuals worldwide.

Bitcoin has inspired a whole new asset class and has paved the way for the development of many other cryptocurrencies.

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However, here are some of the top cryptocurrencies and their historical performance on June 16, 2023 ¹:

- Bitcoin (BTC): $26,327.46
- Ethereum (ETH): $1,716.67
- Tether (USDT): $0.9993
- BNB (BNB): $239.11
- USD Coin (USDC): $1.0001
- XRP (XRP): $0.4757
- Cardano (ADA): $0.2632
- Dogecoin (DOGE): $0.0621
- TRON (TRX): $0.07052
- Solana (SOL): $15.31

A user mistakenly transferred 499,000 USDT to Tether; now the tokens are lost🙂🙂
Apparently, the crypto user copied the wrong link and mistakenly sent half a million dollars to Tether’s smart contract.
The individual is extremely lucky that Tether is a centralized platform, and he’ll likely get his money back. If he had transferred, say, ETH to an Ethereum smart contract, it would have been no laughing matter.
To avoid getting into such situations:
▪️ Check every digit in the recipient’s address when sending large sums. It’s worth doing this.
▪️ If you are interacting with a certain wallet for the first time, send a minimum transaction—e.g., 1 USDT—first to make sure that everything works properly.
Don’t forget: Due to the decentralized nature of blockchains, if you send coins to the “wrong” place, you’re unlikely to to get them back.
Stay vigilant!
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