Some mind blowing facts about Bitcoin.
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Who Is the Real Father of Bitcoin?
The exchanges are open 24 hours a day, 7 days a week. There are no holidays. You can trade not only during the day but also at night.
Satoshi Nakamoto was nominated for the 2015 Nobel Prize
The enigmatic developer of the revolutionary crypto currency bitcoin, Satoshi Nakamoto, was nominated for the Nobel Prize in Economics. UCLA finance professor Bhagwan Chowdhry wrote in The Huffington Post that he would use his formal nomination to nominate Satoshi for his contribution on bitcoin or at least he tried.
The Bitcoin Network is considered Impenetrable
Multi-grade cryptography protects the Bitcoin network. This kind of complex cryptography could only be cracked by the quantum computing at least in theory and has not been cracked yet.
Only 21 million Bitcoins will ever exist
The supply of Bitcoin is finite, not endless. Maximum 21 million bitcoins will be created. Bitcoin was designed with a finite supply in mind. This means that there is a limit to the total number of Bitcoins that can ever exist and Satoshi Nakamoto, set the top limit at 21 million.
Bitcoin amazes everyday.
-Kundan Kumar
Bitcoin Mining consumes a lot of Power
The Bitcoin mining process entails solving a computational puzzle or solving a complex mathematical problem. The process includes playing a set concept over and over in a repeated mode. The more the computer’s processing power, the more likely it is to mine Bitcoin.
Bitcoin mining necessitates a significant amount of electricity. The amount of CO2 produced is equivalent to 1 million transatlantic flights.
