What You Didn’t Know About BitCoin

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What You Didn’t Know About BitCoin

09/11/2017

You probably have been hearing a bit more about bitcoin and blockchain lately. While writing this, one bitcoin is equal to $4225.03. Bitcoin was invented by an anonymous programmer as a worldwide cryptocurrency and digital payment system. In 2009 it was released as open-source software and allows transactions to take place between users without an intermediary payment system.

According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. In August of 2017, bitcoin split into two derivative digital currencies, the classic bitcoin (BTC) and the Bitcoin Cash (BCH).

What else don’t you know about bitcoin? BitCoinPlay has put together an infographic of 58 crazy facts about the cryptocurrency. Here are five fast highlights:

  • There is a finite number of BitCoins: 21,000,000.
  • Since March of 2015, BitCoin transaction fees are up by 1289%.
  • 69% of banks are experimenting with permissioned blockchains.
  • The number of merchants accepting bitcoins grew from 36,000 to 82,000 in 2014.
  • There are 1354 Bitcoin ATMs worldwide, in 55 countries, by 21 ATM producers and 231 operators.

Check out the infographic for all 58 amazing facts about bitcoin.