The founder of Bitcoin is a person (or entity) called Satoshi Nakamoto and no one knows who that is. As of fall 2021, close to 19 million bitcoins have been mined. Once miners have unlocked this amount of bitcoins, the supply will be exhausted. When Bitcoin was founded, the creator of the cryptocurrency only made 21 million bitcoins. Mining bitcoin is the process of adding transaction records to Bitcoin’s public ledger of past transactions called the Blockchain. The primary ways to obtain bitcoin is through purchasing via an exchange, receiving them via a transaction or gift, or mining new ones. The supply of bitcoin Is limited to just 21 million.Here are 15 fascinating facts about Bitcoin – the king of cryptocurrencies.
Bitcoin is a great store of value and an important investment. That being said, the digital currency has been gaining more widespread acceptance over the years and has opened the door for more and more cryptocurrencies. Bitcoin is volatile and exists outside the norm. People tend to think of Bitcoin as Digital Gold, but it is much more complicated than that. It is distributed with the use of a decentralized ledger system known as a blockchain.
So what is so special about Bitcoin? Well for starters, Bitcoin is decentralized and digital. Bitcoin (BTC) was invented in 2009 and is the first implementation of a cryptocurrency.
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