#BTC $BTC Today is Bitcoin's Birthday !!!
already felt bearish
10 useful facts about #BTC
1. **Creation Date:** Bitcoin was introduced on January 3, 2009, when the first block of its blockchain, the "genesis block," was mined by Satoshi Nakamoto.
2. **Pseudonymous Creator:** The identity of Bitcoin's creator, Satoshi Nakamoto, remains unknown. It is unclear whether Nakamoto is an individual or a group of people.
3. **Limited Supply:** Bitcoin has a capped supply of 21 million coins. This scarcity is designed to mimic the scarcity of precious metals like gold.
4. **Decentralized System:** Bitcoin operates on a decentralized peer-to-peer network, eliminating the need for intermediaries like banks. This is achieved through blockchain technology.
5. **Halving Events:** Approximately every four years, the reward for mining new Bitcoin blocks is halved. This event, known as the "halving," reduces the rate at which new bitcoins are created and influences the overall supply.
6. **Blockchain Technology:** Bitcoin's underlying technology is blockchain, a distributed ledger that records all transactions across a network of computers, ensuring transparency and security.
7. **Mining Process:** Bitcoin mining involves solving complex mathematical problems to add a new block to the blockchain. Miners are rewarded with newly created bitcoins for their efforts.
8. **Volatility:** Bitcoin's value is known for its price volatility. Factors such as market demand, regulatory developments, and macroeconomic trends can influence its price.
9. **Divisibility:** A bitcoin can be divided into smaller units. The smallest unit is called a satoshi, named after the pseudonymous creator Satoshi Nakamoto, and is one hundred millionth of a bitcoin.
10. **Global Acceptance:** Over time, Bitcoin has gained acceptance as a form of payment. Some businesses and online platforms now allow users to make transactions using Bitcoin, contributing to its growing adoption.
