Bitcoin is the best-known cryptocurrency worldwide, but there are some facts about it you still may not know.
The blockchain idea older than Bitcoin
The idea for a blockchain is older than Bitcoin. It was first described in 1991 by two cryptographers Stuart Haber and W. Scott Stornetta, who were looking for a way to create unchangeable timestamps for documents.
You won't see the last Bitcoin
As you probably know, Bitcoin is designed to have limited supplies at 21 million. The last bitcoin is estimated to be mined in 2140 or over a hundred years from now. So if you are reading this, you probably are not going to see the last Bitcoin mined.
Bitcoin Pizza Day
May 22 is known as Bitcoin Pizza Day. In 2010 a Florida man Laszlo Hanyecz spent 10,000 BTC for two Papa John's pizzas, which were valued at roughly $41 at the time. This was the first commercial Bitcoin transaction.
18-year-old became millionaires with Bitcoin
Erik Finman became millionaires from Bitcoin due to his idea when he was 12. He took $1,000 he got as an education fund from his grandmother and some money he got from his brother to buy Bitcoin, which was only worth $10-12.
20% Bitcoin is lost
About 20% of the total Bitcoin supply is thought to have been lost, owing to discarded desktops and laptops, as well as stolen or misplaced keys. A huge chunk of the people using Bitcoins have lost their addresses and have no way to access their wallets.
The smallest amount of Bitcoins that you can send
The smallest amount you can send in a standard Bitcoin transaction is 547 satoshis (0.00000547 BTC). Anything less than that is defined as “dust” by the network. Dust transactions will be considered invalid and won’t get mined.
There are almost 100,000 Bitcoin millionaires
It's difficult to know for sure how many Bitcoin millionaires or billionaires there are because wallets are anonymous and the price of Bitcoin fluctuates, sometimes wildly. But according to BitInfoCharts, there are currently 98,180 addresses with BTC worth $1 million or more in them.
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