"27 Mind Blowing facts" about Cryptocurrency

Cryptocurrency is still a mystery and over the years it has gone through several road blocks and hurdles but sill no power in the world can stop its mass adoption. The story of cryptocurrency is full of interesting and amusing. Lets Explore some unknown facts about cryptocurrency and u are gonna love what I discovered

• The first transaction ever made in bitcoin or in crypto is May 22, 2010. For what just to buy a pair of pizzas for 10,000 bitcoins (at the timing of writing this article its worth $185,690,000). True for a pair of pizzas funny rite.

• If u lost your wallet u lost all your cryptos.

• Cryptocurrency Value Is Extremely Volatile.

• An average bitcoin is transacted 350,000 per day. At now it may higher due to bull market starting.  As of April 2019, the total number of Bitcoin transactions reached over 400 million.

• First bitcoin faucet gave away 5 BTC per user.

• The total number of transactions clock in at 506 390 919 as of the time of writing, with well over 18 million bitcoins out there in circulation.

• Per sec bitcoin is making transaction 4 at a time.

•  It’s estimated that there are currently well over 5000 different currencies around the world.

• Ethereum is the second most popular and valued cryptocurrency after Bitcoin, with a market cap of $57,927,862,592.

• The total number of bitcoins after all the coins are mined is 21 million units. Currently 18,549,831 are mined and almost 5 million coins are lost due to various reasons.

• Bitcoin was created by Satoshi Nakamoto but his true identity is still unkown to the world.

• As of January 2018, Bitcoin amounted 34% of the total cryptocurrency market value.

• The highest price of Bitcoin till date is $20,089 per coin, which was recorded on 17 December 2017.

• 107 out of 251 countries do not have any regulation regarding the purchase or use of Bitcoins.

• The richest Bitcoin wallet address had 125,805 BTC ($674,551,479 USD), as on 30 April 2019, which is 0.714% of the total Bitcoins in existence.

• The mining power of the Bitcoin network is nearly 300 times than the combined power of the world’s top 5 supercomputers.

• As of now, the total market cap of bitcoin is $343,861,129,570 and the 24 hr trading volume is at $29,451,373,632. Which is the highest ever recorded.

• There was a time when you could mine Bitcoins using any CPU, as the difficulty was just 1.

• It took five years (from 2009 to 2014) for Bitcoin price to reach the $1,000 milestone, while it took only one year (from January 2017 to January 2018) for the price to increase by $13,000.

• Trading cryptocurrency is banned in china but mining is not banned as a result more than 75% of mining network is controlled by china.

• As of 2020, 96% of all bitcoins are owned by only 4% of all btc addresses.

• As of today, an average of 1800 bitcoins are mined per day.

• As of Nov 21, 2020, there are 1928 dead coins that are inactive.

• As of Nov 21, 2010, there are 5709 crypto currencies that are in existence.

• Approximately 8,488 bitcoin ATM's exist around the world.

• Around $4.3bn have been scammed by scammers in crypto.

• 92% off all the money lost by people are to Ponzi scheme.

Well this is for now, will see u back later.

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