Interesting Facts on Cryptocurrencies

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While, we threw light on Bitcoin’s journey from Dust to Gold Dust in previous article, today we have brought an interesting topic for you on Cryptocurrencies Facts. Today, we will cover some interesting facts and stats on Cryptocurrencies, thus allowing you to get closer to the Cryptocurrencies. Here are some those nail biting and interesting Cryptocurrencies Facts:

Satoshi Nakamoto, a mysterious legend or a group of mysterious people, were the ones who launched Bitcoin

It is believed that Satoshi Nakamoto owns around $16.5 billion in Bitcoins

No government of world has any control over Cryptocurrencies

Around 17 million Bitcoins have already been mined; the maximum number can be 21 Million.

It is estimated that only 1000 people in the world owns around 40% of Bitcoin

1 Satoshi equals 0.00000001 BTC

Refunds are not possible in BTC Transactions

90% of all Bitcoins addresses have less than 0.1 BTC

Bitcoins are decentralized and entirely based on mathematics

Namecoin was the first Altcoin, introduced in April 2011!

As of writing, there are more than 1700 Cryptocurrenices in the market

All data from Bitcoin transactions are transparent and can be seen on Blockchain

The Market Cap of Cryptocurrencies at the moment of writing this article was $333,777,912,414

Also, a survey stats that we cannot reach to the total cap of 21 million before 2040

A Survey stats that The Federal Bureau of Investigation owns 1.5% of the world’s Bitcoins

The Bitcoin Transaction fees have scaled up since March 2015 and the rise is a whopping 1289%

A person named ‘Laszlo Hanyecz’ bought a Pizza in 2010, by paying 1000 Bitcoins on 22nd May. Its whopping $8000000 in today’s value! This Day is now being celebrated as BitcoinPizzaDay!

King’s College Became First U.S. School to Accept Bitcoin in June 2014

A new Block of coin is solved every 4 minutes

James Howells, an IT worker from Newport, claims to have unintentionally dumped 7,500 bitcoin in mid-2013

Gambler wins 11,000 Bitcoins in one weekend at online casino JustDice in 2013

Ukraine kidnappers free bitcoin analyst after $1 million ransom paid in Bitcoins in Dec 2017

Cryptocurrencies are banned in some countries, while some have chosen to stay neutral and haven’t legalized it yet

Bitcoin is illegal in Vietnam, Bolivia, Kyrgyzstan, Iceland, Ecuador, Bangladesh and Thailand at the time of writing

The world’s first Bitcoin ATM was opened in Vancouver, Canada

As per reports, there are 2015 Bitcoin ATMs worldwide spanning across 61 countries

According to Coin ATM Radar, as of 2017, there are more than 800 Bitcoin ATMs in the United States, with small shop owners earning a reported $300 a month for rental space

There are 7 Bitcoin debit cards for businesses and individuals in the world at the moment

Bitcoin is VAT-free in Switzerland

Some of these countries which do not levy capital gains on Bitcoins are Germany, Denmark, Singapore, Belarus, Solvenia, Hong Kong, New Zealand, Switzerland, Barbados, Malaysia, Mauritius, and others

Hungry for more Cryptocurrencies Facts & Stats? Stay Tuned and we promise to return with more astonishing Cryptocurrencies Facts!

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5 thoughts on “Interesting Facts on Cryptocurrencies

  1. With the appearance of blockchain concept, development appears to be not close to over, and new functions and technologies manifest themselves. We seek to orchestrate the adoption of an entirely decentralized ecosystem with the aid of distributed ledger technology. It most certainly is an exceptionally electrifying time to be doing work in the blockchain place and while more people take on this disruptive technology, it will conceivably enable us to develop a more secure, appropriate and open world.

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