It was back in 2009 when Satoshi Nakamoto, the mysterious legend-founder(s) of Bitcoin, introduced the world with a peer-to-peer electronic cash-system. Ever since the cryptocurrency has not ceased amazing the world.
If you have any doubts about the uniquely intriguing nature of Bitcoin, check the infographic made by the industry experts of Bitcoin Play.
Bitcoins are mined into existence by solving complex mathematical problems. No single entity or government controls the Bitcoin currency. All Bitcoin transactions are transparent, recorded and accurately available in a public ledger called Blockchain.
Yet, Bitcoin holders’ true identity remains anonymous. Their public addresses contain nothing more than random alphanumeric characters.
Just like saving money in an online bank account, Bitcoins are saved in digital wallets. The latter is pretty safe, though, once losing a wallet all Bitcoins are gone forever. Moreover, Bitcoin transactions are irreversible, meaning no money back is possible after hitting the send button.
No more than 21 billion Bitcoins can ever to be mined; the limit is expected to be reached in 2140. And, increasingly being used by many, 16.5 million Bitcoins were in circulation by September 2017.
With such a success and a market cap of 75.8 billion as of August 2017, Bitcoin has had many ups and downs. This infographic will tell you 58 insane facts about Bitcoin that you will find worth knowing about.