FUN FACTS ANOUT CRYPTO
1. The First Bitcoin Transaction for Pizza: Back in May 2010, a man in Florida paid 10,000 bitcoins for two pizzas. At the time, this was the first commercial bitcoin transaction. Those 10,000 bitcoins would now be worth over $190 million! đđ°.
2. Over 12,000 Cryptocurrencies Exist: As of September 2022, there are more than 12,000 digital currencies out there. While you canât buy them all on an exchange, they do exist, with some requiring their own wallets. The top 20 virt$BTC ual currencies account for about 87% of the crypto market cap.
3. Limited Supply of Bitcoin: Bitcoinâs protocol set a limit of 21 million coins. No more new bitcoins can be created by miners after this point. The reward for mining bitcoin halves every 210,000 blocks (approximately every four years). As of September 2022, there are 19.15 million circulating bitcoins1.
Lost Bitcoins: Nearly 4 million Bitcoin tokens have been lost forever due to forgotten passwords, misplaced wallets, and other reasons. These lost coins contribute to the scarcity of available bitcoins.
4. The Mysterious Satoshi Nakamoto: The true identity of Bitcoinâs creator, Satoshi Nakamoto, remains unknown. Nakamotoâs anonymity adds to the intrigue surrounding cryptocurrencies.
5. HODL Was a Typo: The term âHODL,â commonly used in the crypto community to mean holding onto your coins, originated from a typo in a Bitcoin forum post. Someone misspelled âholdâ as âhodl,â and it stuck! đ.
6. Crypto Wallets Store Keys, Not Coins: Contrary to popular belief, crypto wallets donât actually store coins. Instead, they hold the private keys needed to access and manage your digital assets securely.
