Interesting facts about cryptocurrencies

Everyone has heard of cryptocurrencies and with the development of technology, a lot of people are interested in owning digital as well as traditional fiat currencies. Here are some facts about digital money, explaining that there are both interesting and buzzing facts about the popular money that made the financial revolution:

• The most famous cryptocurrency is Bitcoin and as a blockchain technology it was "created" back in 2008, by an individual or a group of people under the pseudonym Satoshi Nakamoto. Who Satoshi is still a question and it is a real mystery who is behind that name. It has been established that there are signatures of the message with the keys from the first blocks of bitcoin that Satoshi mined, but so far no one has managed to do that, and it is possible that they cannot do that;

• There is an interesting fact that more than 30 billion dollars of ordinary bitcoin have been lost forever. The reason is that the owners could not remember their private bitcoin wallet key. The main feature of Bitcoin is the elimination of financial intermediaries. While with banks due to the loss of the pin code funds can be obtained in some way, with Bitcoin this is not the case due to the specific nature of the blockchain and precisely the elimination of intermediaries;

• China is the absolute leader in Bitcoin "mining". It owns more than 70% of the total bitcoin pool. Also, China produces a large part of mining equipment, and it is not surprising that large mining buildings are located in China, due to the advantages of very cheap electricity. Due to the very unfavorable policy of the Chinese government towards this cryptocurrency and activities related to it, the question is whether China will remain a leader in this field;

• After the G20 summit, a meeting of heads of government of 19 countries and the European Union, 11 countries adopted cryptocurrencies as legitimate, 3 remained domestic, while 4 countries restricted the use of cryptocurrencies. Only China has completely banned the trade in digital money. As a result, 57% of countries are reported to have approved cryptocurrency transactions; One of the first attempts to apply blockchain technology to the entertainment industry is the Cryptokitties project. The project allows players to breed, buy and sell virtual cats, and was developed by Axiom Zen. Baidu also created and marketed a similar game, Leci Gou, where dogs are bred instead of cats, which is a bizarre fact;

• The number of existing cryptocurrencies is higher than 2000. New cryptocurrencies are created every day, but the fact is that many will not last more than a few months. Since Bitcoin is the most successful and most popular cryptocurrency, it is followed by: Ripple, Ethereum, Stellar Lumens, EOS, Litecoin, Tether, Cardano, Monero, Tron, Dash, etc ;

• The FBI owns the largest bitcoin wallet. It is an innovative software program that enables Bitcoin storage with maximum technical precision. Security is achieved through a private key or a secret number that accesses bitcoins. Through the wallet, it is possible to send and receive Bitcoin, ie perform transactions. Satoshi Nakamoto is thought to own the largest number of bitcoins scattered across various bitcoin wallets, the FBI is believed to own the largest amount in a single bitcoin wallet.