5 Facts Bitcoin You Do Not Know

Inspiring Page - 10 Facts About Bitcoin You Do Not Know. Since early October 2017, Bitcoin has more than tripled the price - its strongest quarterly performance since 2013. Insanity for emergency crypto entered a new round on Monday as Bitcoin futures skyrocketed a fifth of their value in a closely watched launch. The most-traded contract on the Chicago-based Cboe Global Markets exchanges opened at $15,460 in New York late on Sunday, before jumping to $18,700 - a 21 percent gain, Reuters reported.
10 bitcoin facts

So far in the year 2017 and then, the number rose more than 1,400 percent. If you had bought $1,000 from bitcoin in early 2013 and never sold it, you would now be sitting at around $1.2 million.

#1. Bitcoin Founder Identity Unclear! Nearly a decade after Bitcoin was discovered, the true identity of its creator - the pseudonymous Satoshi Nakamoto - is still unknown. Despite some attempts to find bitcoin creators, and a number of claims, we still do not know who Nakamoto is, or what it is.
bitcoin cryptocurrency founder

In May 2016, Australian computer scientist and entrepreneur - Craig Wright - convinced some of the leading members of the bitcoin community that he was Nakamoto.

Wright went public and gave a number of interviews to the BBC, GQ and the Economist, where he claimed that he would provide evidence proving he was Nakamoto. When the evidence is released, however, the flaw, does not prove anything and causes some people to accuse him of "scammery". Experts say that the world might never know who discovered Bitcoin.

#2. Bitcon networks are much more powerful than supercomputers. Currently, every bitcoin transaction requires the same amount of energy used to power nine homes in the US for a day. And miners continue to install more and faster computers.
bitcoin network supercomputer to mining

Already, the aggregate computing power of the bitcoin network is nearly 100,000 times greater than the 500 fastest supercomputers in the world combined.

#3. In 2010, 2 Pizza Worth 10,000 Bitcoin. Bitcoin has traveled a long way since 2010, when it first made payments - 10,000 Bitcoin for pizza. A Florida-based programmer Laszlo Hanyecz spent 10,000 Bitcoins on two of Papa John's pizzas in 2010. This is the first transaction to use crypto.
10,000 bitcoin for 2 papa john pizzas

One Bitcoin currently costs about $15,000. Bitcoin is the most popular virtual currency in the world. Such a currency is not tied to a bank or government and allows users to spend money anonymously.

# 4. Transactions can not be changed. Bitcoin transactions are irreversible. Once bitcoin is sent, there is no way to return it, even if the transaction is then proven to be false.

The bitcoin address is a long string of 34 alphanumeric characters. Using that address, it is impossible to notify the recipient. Perhaps, this is the reason why most illegal transactions are done using bitcoins. To protect privacy even further, most wallet programs give users a portfolio ID, which is also used as a username.
bitcoin trasaction

Bitcoin was created in 2008 as a web-based crypto to move money around quickly and without a name but the market has not been regulated by any major financial institution.

# 5. First Billionaire. Earlier this week, the world saw its first bitcoin billionaire, while crypto above over $11,000.
The twins Winklevoss - Cameron and Tyler

The twins Winklevoss - Cameron and Tyler, who sued Mark Zuckerberg of Facebook for stealing the idea of social networking and receiving $65 billion - hold more than $1 billion in bitcoins now.

#6. Large Volatility and Market Cap. Bitcoin is known for its volatility, but the recent peak is unprecedented. Bitcoin has earned over $5,000 in just the last two days. Cryptocurrency begins years under $1,000 but continues to increase despite warnings of dangerous bubbles.
Bitcoin Large Volatility and Market Cap

The total value of all Bitcoins released to the system so far has reached as high as $283 billion. It makes its total value larger than Visa, and is larger than the combined market share of BlackRock and Citigroup.
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