Some Interesting Facts About Bitcoin

facts bitcoin


Bitcoin is a real cryptocurrency that can be exchanged at any time with real money through some exchangers ,purchase or sales.Bitcoin is a one of the most popular virtual currency.It was introduced as open source software in 2009 by developer Satoshi Nakamoto.

Satoshi Nakamoto

Payment work p2p without a central repository or single administratior,which has led the US treasury to call bitcoin a decentralized virtual currency.


Who is involved in Bitcoin?

More than $1B of investment into bitcoin and blockchain companies has taken place since it’s invention,thus thousands(+counting) of companies and numbers of individual persons are involved from all over the world.

Control on Bitcoin.

No one controls Bitcoin network,when i heard this at first i also get in trouble, i thinked that thgey are kidding but when i searched on google i find that NO ONE CONTROL BITCOIN is right.Bitcoin transsactions are authenticated an verified by Bitcoin miners which has entire industry and bitcoin cloud mining option.It controlled by everyone,who uses bitcoin as software used for this currency logs and validates activities of the bitcoin across the globe

You can see all transactions.

Yes,you and everyone can see all transactions of Bitcoins,it was completly transparent.Everything is able to be seen on the block chain and its this complete openess that instills a lot of trust and security amongs the bitcoin community.

Everyone can Mine Bitcoins.

Mining Bitcoins is a term that actually youi are using PC program to solve mathematical problems to verify various transaction around the world.Miners can get paid a certain numbers of satoshi’s or Bitcoins by solving problems.