15 bitcoin facts you need to now:

top 15 Bitcoin facts, and be ready to have your mind blown: it has been described as the money of the internet and recently enjoyed viral popularity due to its sudden and sharp growth in value of however Bitcoin is very fickle - prone to sudden changes in value and many people don't now very much about it. It where exactly did Bitcoin come from the way it is suddenly so popular there are easy question to answer but its simplicity stocks their the more we learn about the more confusing and strange it gets . Here are 15 of the most important and interesting Bitcoin facts which should hopefully give you a basic understanding of this cryoptic cryptocurrency. 1) who founded Bitcoin, but not exactly: Bitcoins founder is satoshi nakamoto and he is responsible for designing and Engineering the entire project but that's all we now. Satoshi nakamoto is a pseudonym and, and for all we know it could be a team of people who ever they are their estimated worth in 16.5 million dollar in Bitcoin and they were nominated for a Nobel Prize in Economics science in 2015. 2) Bitcoin is limited in numbers: The individual or team behind Bitcoin set a predefined amount of Bitcoin before the project was completed with his 21 million this number is slowly being approached and it is getting harder to mine new Bitcoin each day. 3) new Bitcoin is created from mining: mining is very complicated process by which new Bitcoin is produced mining Bitcoin is analogous to mining gold there is a finite amount of gold and the more it is mind the more difficult and resource intensive it is to find. This is the same with Bitcoin.4) the FBI has huge amount of Bitcoin gift in wallets: in fact, the FBI has one of the largest Bitcoin wallet period when Silk route the dark web Marketplace for drugs was shut down their Shield its owner assets which included a bitcoin wallet which is reported to be worth over 100 billion dollar.5) one of Bitcoins first transaction was for pizza: in my 2010 to Pizza costing $25 were purchased for 10000 Bitcoins wall around they 150 dollar mark. 6) it is more powerful than 500 of the most powerful supercomputers: as the experts 48 Bitcoin network has a computing power of 204636 pflop/s which, when compared to the computing power of the world's 500 most powerful supercomputer 274 pflop/s is eyewatering. ​7) it is completely anonymous: it is not possible to find out the details of people you have sent Bitcoin to aur from home you have received Bitcoin when sending Bitcoin r34 tractor alphanumeric address is used which cannot be traced as a result the Industry that was the sweetest to adopt cryptocurrency payments was the online gambling seen. Bitcoin Poker and general gambling without any tutorial destruction appeared practically overnight. 8) also Bitcoin transfer are are Irreversible: unlike paper where you can reverse transaction and file chargeback disputes Bitcoin transaction are final there are no second Chance with Bitcoin so you have to be sure you are ready to commit to your purchase. 9) it has made some people very rich: a norwegian by the name of kristoffer koch invested 28 USD dollar . Properly forget about it by the time he remembered he owned it, its value was worth more than 825000 dollar. There are many more of these success stories, too. 10) but, make sure you don't lost your wallet: if you lost your Bitcoin valla it's gone and of story it's not like crossing a debit card unfortunately many people who about Bitcoin in its early days have done just this and it is estimated that 64% of Bitcoin has never and will never be used because of this. 12) it is completely transparent: perhaps the most unique aspect of Bitcoin is that you can see all its transaction it is entirely transparent everything can be viewed on the blockchain and it is this opinion and transparency which gives it such a high level of Trust among the wider between community. 13) Bitcoin can be send with Virtually no fees : if you are to transfer money from a bank in the US to a bank in Malaysia you would probably have to pay bank transfer and currency conversion fees with Bitcoin there are no transaction fees and it is and almost immediately no waiting period at all. 14) Bitcoin has a dark and suspicious past: before it become popular in the mainstream Bitcoin was largely used on the dark web to find illegal transaction a popular example of this was something known as the The Assassination market where people put place bets in Bitcoin about a particular individuals that are of death . If somebody was to guess right, they could collect a payoff.15) its legal status varies, too : there are a lot of question when it comes to the legality of Bitcoin and this various from country to country some countries of only spot Bitcoin and there are others which don't there is a comprehensive list online with his gift update to reflect each country's individual position on the cryptocurrency. Some countries such as The USA are even trying to regulate Bitcoin but this has been met with widespread backlash from Bitcoin advocates. we hope that cleared something up for you Bitcoin may sound a little confusing at first , but it is a real currency which you can use to buy real things all that it is not tangible in the sense of a dollar bill, there are still a wide variety of merchants who are willing to accept Bitcoin as payment for items. It is not restricted to the internet, either. There are many physical stories who can accept Bitcoin payment in person using specially designed apps and software. Thanks