BITCOIN - It is the most technological innovation of the current century.
We all know that after the advent of the Internet the whole world came under one umbrella, but the bitcoin place a huge role in unifying global economic diversity.
While going through the history of the queen of cryptocurrencies, we must stare at some mysterious facts and conspiracy theories.Let us go through some of them...
Facts...
* Bitcoin's first-ever transaction was Hanyecz's purchase of 2 pizza. Now we can only imagine it like the most costly food order in history. The first acquisition of bitcoin was for pizza..!! Now we are remembering 22nd May ( The day Henyecz made his pizza purchase) as "Bitcoin pizza day".Today we can even take a ride to outer space by spending bitcoin.
* Nowadays bitcoin ATMs are available internationally. It seems most of them are located in the United States.
*Based on bitcoin software it has a dividing frequency of 4 years. The year predicted for mining of last bitcoin( Total 21 million) is 2140.
*A Santoshi is the smallest unit of bitcoin from which we can start transactions. The bitcoin's originator is Santoshi Nakamoto. You can simply guess about from where the name Santhosi came from.
* On the day Bitcoin's software was introduced to the world, 10 bitcoins were given to each customer for free
While discussing the facts, it is important to understand the reasons behind the daily increasing value of bitcoin
* Bitcoin's price is dependent upon several factors such as mining process, a number of competitive cryptocurrencies (It is varying daily), legislation, sales, the increasing demand etc...
* Shortage of supply( I mentioned above about the having nature of bitcoin over every 4 years).
Hope you are not bored.
Thank you.
