Bitcoin Pizza Day is an annual event celebrated on May 22 to commemorate the first real-world transaction using Bitcoin. On this day in 2010, Laszlo Hanyecz, a programmer and early Bitcoin miner, paid 10,000 BTC for two Papa John's pizzas. At that time, 10,000 BTC was worth approximately $41 USD. Today, with Bitcoin's significant appreciation, that same amount would be valued at over $1 billion USD .
The transaction was conducted through a post on the BitcoinTalk forum, where Hanyecz offered 10,000 BTC in exchange for two large pizzas. Jeremy Sturdivant, a 19-year-old student known by his forum handle "Jercos," accepted the offer and arranged for the pizzas to be delivered to Hanyecz's home .
Despite the enormous increase in Bitcoin's value, both Hanyecz and Sturdivant have expressed no regrets about the transaction. Hanyecz has stated that at the time, Bitcoin had little value, and the idea of trading it for a pizza was exciting. He views the purchase as a milestone in Bitcoin's journey toward becoming a widely accepted form of payment.
Binance Exchange is one of the largest cryptocurrency exchanges in the world by trading volume. Founded in 2017 by Changpeng Zhao (CZ), Binance offers a platform for buying, selling, and trading a wide variety of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and thousands of others.
Key Features of Binance: Spot Trading: Buy and sell cryptocurrencies directly. Futures and Margin Trading: Leverage positions for higher potential returns (and risks).
Staking and Earn: Earn rewards by staking certain coins or through interest-bearing products.
Launchpad: Participate in initial coin offerings (ICOs) or token launches. NFT Marketplace: Buy, sell, and create non-fungible tokens.
Binance Smart Chain (BSC): A blockchain developed by Binance for smart contracts and decentralized apps.
Native Token (BNB): Binance Coin is used to pay for fees at a discount and is integral to many platform features.
The **first meme coin** in cryptocurrency is Dogecoin (DOGE).
Quick Facts about Dogecoin:
*Launched*December 6, 2013
Creators:Billy Markus and Jackson Palmer.
Inspired by:The popular“Doge” meme featuring a Shiba Inu dog with multicolored Comic Sans text expressing inner monologue.
Purpose:Initially created as a **joke** to satirize the hype around cryptocurrencies like Bitcoin.
Why It’s Important:
Even though Dogecoin started as a joke, it gained a large community and became one of the most recognized cryptocurrencies. It has been endorsed and frequently mentioned by public figures like Elon Musk, which fueled major price surges. Despite its origins, Dogecoin is actively traded, accepted by some merchants, and used for tipping and donations online.
So, Dogecoin is the original meme coin—and the one that started the trend of meme-based cryptocurrencies.
A meme coin is a type of cryptocurrency that is often created as a joke or based on an internet meme, but can gain popularity due to social media hype, community support, and celebrity endorsements.
BTC stands for Bitcoin, which is a type of digital or cryptocurrency.
Key Points about BTC (Bitcoin)
Decentralized Currency: Bitcoin is not controlled by any government or central bank. Instead, it operates on a decentralized network of computers using blockchain technology.
Blockchain Technology: Every Bitcoin transaction is recorded on a public ledger called the blockchain. This ensures transparency and prevents double-spending.
Created in 2009: Bitcoin was introduced by an unknown person or group using the name Satoshi Nakamoto.
Limited Supply: Only 21 million Bitcoins will ever exist, making it a deflationary asset. This limited supply can drive demand and price.
Digital Gold: Many investors refer to Bitcoin as "digital gold" because it can act as a store of value, especially in uncertain economic times.
Volatile Asset: Bitcoin’s price can fluctuate significantly, making it both a high-risk and potentially high-reward investment.