BLOCKCHAIN FUNFACTS

Most people assume that there will be a maximum circulating supply of 21 million Bitcoins. However, the maximum circulating supply of Bitcoins is not really 21 million. In reality, this number is a little lower at 20,999,987.4769 BTC.

 

In Sep. 2017, 35-year-old coder turned Bitcoin millionaire Peter Saddington cashed in 45 bitcoins to drive away with a $200,000 2015 Lamborghini Huracan. Thanks to an early interest in cryptocurrencies, buying those 45 bitcoins cost him less than $115.

A few years ago, the FBI shut down the Silk Road which was a big black market website where Bitcoin was frequently used. The FBI controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those bitcoins are worth close to $158 million at today’s exchange rates.

David Chaum, a computer scientist who had already proposed the basic ideas behind encrypted messaging tools, is widely seen as the father of electronic money, having proposed the idea in his 1982 paper Blind Signatures for Untraceable Payments. The model that DigiCash was based on, was used by Satoshi Nakamoto in 2008, when he created Bitcoin's whitepaper.

On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is the world's first publicly available Bitcoin ATM.

On Aug 15, 2010, an unknown hacker nearly destroyed Bitcoin. The hacker generated 184.467 billion Bitcoin out of thin air in what has become known as the Value Overflow Incident. Satoshi Nakamoto quickly hard forked the blockchain to remove the 184.467 billion Bitcoins, which saved Bitcoin from dying an early death.

The study, released by blockchain conference BlockShow Europe looked at 48 European countries, analyzing factors such as regulations set in place for the growing blockchain sector, ICO regulations, regulations on cryptocurrency as payment, or the taxation of cryptocurrencies.

According to Decrypt, around 18.5 million Bitcoins have already been minted and around 20% of them are probably gone forever by being lost or intentionally burned.

Bitcoin has had a very volatile trading history since it was first created in 2009. The highest price Bitcoin ever reached until today was $20,089 on December 18th, 2017.

American tech giant IBM has made waves in the space for filing a multitude of patents that use blockchain technology. The company has been a leader in adoption since 2014, putting it well ahead of most when it comes to developing and using blockchain-based solutions. 

Passing the phase of initial skepticism, governments all over the world are gradually realizing that having their very own crypto can be very beneficial. It does not take much to launch crypto as against physical currencies. They are safe, secure and environment-friendly as well. Many countries have either resorted to launching their own national cryptocurrencies or have at least started thinking in that direction.

According to the census, it is found that only 0.5% of the world’s population are using Blockchain today, but 50% or 3.77 billion people use the internet. In terms of its development, blockchain is where the internet was 20 years ago. So, there is a great opportunity to walk ahead of the world and learn Blockchain now!

 

The first Bitcoin transaction between Satoshi Nakamoto, the pseudonymous Bitcoin creator, and computer programmer Hal Finney happened on Jan. 12, 2009. Hal Finney, a developer, and cryptographic activist received 10 BTC as a test. 

The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in blockchains and the bitcoin cryptocurrency. The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin.

The last Bitcoin is estimated to be mined in 2140, when the block reward would drop below 1 satoshi. Of course, this would require Bitcoin miners to be around 122 years from now, which is far from a certainty. At that point, miners would be incentivized to maintain the network because they would still collect fees for securing transactions even though there would be no more block rewards.

On March 17, 2010, Bitcoinmarket.com went live. Like all platforms that sprung up in those early days, the exchange was rickety, and holes were often patched following feedback from Bitcointalk forum members. The site accepted Paypal initially as its means of exchanging BTC for fiat. This system worked for a while, but as Bitcoin grew, so did the number of scammers. Following a string of fraudulent trades, Paypal was removed from the exchange on June 4, 2011.

AT&T is the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers. Customers are able to pay using cryptocurrency either on AT&T’s website or through its myAT&T app.

Address “35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP” is the richest Bitcoin address, which belongs to the cryptocurrency exchange giant Huobi. If you are interested, check rich-list here: https://btc.com/stats/rich-list

A genesis block is the first block of a block chain. In 2009, a developer named Satoshi Nakamoto created the Genesis Block. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The Genesis Block forms the foundation of the Bitcoin trading system and is the prototype of all other blocks in the Bitcoin blockchain.

It’s one of the best-known cryptocurrency legends: 10 years ago, on May 22, 2010, a programmer, Laszlo Hanyecz purchased two large Papa John’s pizzas for 10,000 bitcoins, worth about $30 at the time. It’s widely believed to be the first purchase of a product with bitcoin, proving the then-nascent cryptocurrency’s potential as a means of payment.

Bitcoin forks are divided into two categories: soft and hard.

A soft fork occurs when there is a change to the software protocol. This type of fork makes previously valid blocks invalid. However, soft forks are backward-compatible as old nodes will recognize the new blocks as valid.

A hard fork, on the other hand, is incompatible with previous versions. This means that all nodes must agree to upgrade to the new protocol or they won’t be able to process transactions. Hard forks can be used to change an existing protocol or create an entirely new chain with a new protocol.

Hackers stole over $534 million worth of XEM in January 2018. The stolen tokens were reportedly exchanged for Bitcoin (BTC) or Litecoin (LTC) and dispersed over 13,000 wallets.

Tokyo police allocated approximately 100 investigators to the case. Authorities are continuing investigations on other alleged buyers of the stolen NEM. On March 11, 2020, Tokyo police arrested two men in connection to the Coincheck hack. The men are accused of purchasing stolen NEM (XEM) through a dark web market, in violation of a law designed to tackle organized crime.

BLOCKCHAIN FUNFACTS

Most people assume that there will be a maximum circulating supply of 21 million Bitcoins. However, the maximum circulating supply of Bitcoins is not really 21 million. In reality, this number is a little lower at 20,999,987.4769 BTC.

 

In Sep. 2017, 35-year-old coder turned Bitcoin millionaire Peter Saddington cashed in 45 bitcoins to drive away with a $200,000 2015 Lamborghini Huracan. Thanks to an early interest in cryptocurrencies, buying those 45 bitcoins cost him less than $115.

A few years ago, the FBI shut down the Silk Road which was a big black market website where Bitcoin was frequently used. The FBI controls more than 144,000 bitcoins that reside at a bitcoin address that consolidates much of the seized Silk Road bitcoins. Those bitcoins are worth close to $158 million at today’s exchange rates.

David Chaum, a computer scientist who had already proposed the basic ideas behind encrypted messaging tools, is widely seen as the father of electronic money, having proposed the idea in his 1982 paper Blind Signatures for Untraceable Payments. The model that DigiCash was based on, was used by Satoshi Nakamoto in 2008, when he created Bitcoin's whitepaper.

On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is the world's first publicly available Bitcoin ATM.

On Aug 15, 2010, an unknown hacker nearly destroyed Bitcoin. The hacker generated 184.467 billion Bitcoin out of thin air in what has become known as the Value Overflow Incident. Satoshi Nakamoto quickly hard forked the blockchain to remove the 184.467 billion Bitcoins, which saved Bitcoin from dying an early death.

The study, released by blockchain conference BlockShow Europe looked at 48 European countries, analyzing factors such as regulations set in place for the growing blockchain sector, ICO regulations, regulations on cryptocurrency as payment, or the taxation of cryptocurrencies.

According to Decrypt, around 18.5 million Bitcoins have already been minted and around 20% of them are probably gone forever by being lost or intentionally burned.

Bitcoin has had a very volatile trading history since it was first created in 2009. The highest price Bitcoin ever reached until today was $20,089 on December 18th, 2017.

American tech giant IBM has made waves in the space for filing a multitude of patents that use blockchain technology. The company has been a leader in adoption since 2014, putting it well ahead of most when it comes to developing and using blockchain-based solutions. 

Passing the phase of initial skepticism, governments all over the world are gradually realizing that having their very own crypto can be very beneficial. It does not take much to launch crypto as against physical currencies. They are safe, secure and environment-friendly as well. Many countries have either resorted to launching their own national cryptocurrencies or have at least started thinking in that direction.

According to the census, it is found that only 0.5% of the world’s population are using Blockchain today, but 50% or 3.77 billion people use the internet. In terms of its development, blockchain is where the internet was 20 years ago. So, there is a great opportunity to walk ahead of the world and learn Blockchain now!

 

The first Bitcoin transaction between Satoshi Nakamoto, the pseudonymous Bitcoin creator, and computer programmer Hal Finney happened on Jan. 12, 2009. Hal Finney, a developer, and cryptographic activist received 10 BTC as a test.

 

The satoshi is the smallest unit of the bitcoin cryptocurrency. It is named after Satoshi Nakamoto, the creator of the protocol used in blockchains and the bitcoin cryptocurrency. The satoshi to bitcoin ratio is 100 million satoshis to one bitcoin.

 

The last Bitcoin is estimated to be mined in 2140, when the block reward would drop below 1 satoshi. Of course, this would require Bitcoin miners to be around 122 years from now, which is far from a certainty. At that point, miners would be incentivized to maintain the network because they would still collect fees for securing transactions even though there would be no more block rewards.

AT&T is the first major U.S. mobile carrier to provide a cryptocurrency payment option to customers. Customers are able to pay using cryptocurrency either on AT&T’s website or through its myAT&T app.

On March 17, 2010, Bitcoinmarket.com went live. Like all platforms that sprung up in those early days, the exchange was rickety, and holes were often patched following feedback from Bitcointalk forum members. The site accepted Paypal initially as its means of exchanging BTC for fiat. This system worked for a while, but as Bitcoin grew, so did the number of scammers. Following a string of fraudulent trades, Paypal was removed from the exchange on June 4, 2011.

Address “35hK24tcLEWcgNA4JxpvbkNkoAcDGqQPsP” is the richest Bitcoin address, which belongs to the cryptocurrency exchange giant Huobi. If you are interested, check rich-list here: https://btc.com/stats/rich-list

A genesis block is the first block of a block chain. In 2009, a developer named Satoshi Nakamoto created the Genesis Block. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The Genesis Block forms the foundation of the Bitcoin trading system and is the prototype of all other blocks in the Bitcoin blockchain.

Bitcoin forks are divided into two categories: soft and hard.

A soft fork occurs when there is a change to the software protocol. This type of fork makes previously valid blocks invalid. However, soft forks are backward-compatible as old nodes will recognize the new blocks as valid.

A hard fork, on the other hand, is incompatible with previous versions. This means that all nodes must agree to upgrade to the new protocol or they won’t be able to process transactions. Hard forks can be used to change an existing protocol or create an entirely new chain with a new protocol.

Hackers stole over $534 million worth of XEM in January 2018. The stolen tokens were reportedly exchanged for Bitcoin (BTC) or Litecoin (LTC) and dispersed over 13,000 wallets.

Tokyo police allocated approximately 100 investigators to the case. Authorities are continuing investigations on other alleged buyers of the stolen NEM. On March 11, 2020, Tokyo police arrested two men in connection to the Coincheck hack. The men are accused of purchasing stolen NEM (XEM) through a dark web market, in violation of a law designed to tackle organized crime.