5 Most Amazing Facts about Bitcoin!

Bitcoin Pizza Day

Bitcoin is the crypto that an individual can acquire for doing transfers and making payments. Well, you will be surprised to hear that the first bitcoin payment was actually for a pizza payment. Yes, you are reading it truly. It was the 22nd of May, which is why today is also known as bitcoin pizza day. Even the story is hilarious because, at that time, the worth of a bitcoin was only 0.2 dollars. The individual who bought the pizza used bitcoin as a payment method and paid 10000 for only a pizza. It was the first commercial transfer of bitcoin, and every year, 22nd may be known as bitcoin pizza day.

About 20% of Bitcoin is Lost

If you know about bitcoin, you might be aware that people use bitcoin wallets to store them. However, you must be very cautious when saving your private keys. It is because access to the bitcoin wallet is only possible through the private keys. Unfortunately, you will lose access to your coins if you lose these keys. There is no way possible through which you can obtain your bitcoin back. It is why almost 20 per cent of the bitcoin is lost due to the loss of keys.

Limited Supply

Many people think that the supply of bitcoin is unlimited, like cash. But it is not true because the number of bitcoin available worldwide is only 21 million. Of this 21 million bitcoin, more than 16.3 million have already been issued. It is appraised that last bitcoin will get mined in 2140. It is not possible after this amount of mine new bitcoin. So we can say that the limited supply of bitcoin exists in its DNA. As you know, almost 20 per cent are lost from the mined bitcoin.

The Mysterious Creator of Bitcoin!

We still cannot find out about the mysterious creator of bitcoin. People call it from the Japanese name that is Satoshi Nakamoto. However, some theorists claim that there are four companies behind the bitcoin blockchain technology. Bitcoin was available to the general public in the year 2008. But the fact is that the bitcoin developer vanished in 2010.

Bitcoin ATMs!

You will be glad that bitcoin ATMs are available in most countries. These ATMs work by accepting the cash and then converting it into bitcoin for storing in a wallet. Some of these ATMs allow the users to sell bitcoin too. So you can withdraw the money in fiat currency by selling your digital coins. America country has the uppermost quantity of these ATMs, but these machines are growing quickly. But the great thing is that people who don't have a bank account can also buy bitcoin from cash directly through these ATMs. You have to scan the QR code of your digital wallet and then buy bitcoin, inserting the cash.

Some lesser-known and unique facts about bitcoin were unknown to many people. Then, of course, we hear about the benefits of bitcoin, but this information was profound and might help you learn more about this digital currency.