Bitcoin shocked people after hitting the all-time high 20,000 Dollar price on the December of 2017. People who were already following Bitcoin with vested interest since it was introduced became billionaires and millionaires in just one night. A large number of these people also started to trade Bitcoin, and some also tried their hand at Bitcoin investment. That being said, there is a lot more to know about Bitcoin than what meets the eye. Even people have made tons of money with it are not aware about some of the facts surrounding it. If you also want to find out about lesser known bitcoin details, this XTR trading platform blog .org discusses it in great detail.
The Rundown
Here is a rundown to get you started about some interesting lesser known facts about Bitcoins:
- Close to ninety percent of all bitcoin address possess BTC below 0.1
- Satoshi Nakamoto had received a nomination for a Nobel Prize in the category of Economic science in the year 2015
- There is a minimum of seventy altcoins that were forked away from bitcoin
- Gavin Andresen who created perhaps one of the starting Bitcoin faucets in 2010 gave away five BTC for every visitor
- Satoshi Nakomoto was not to be found soon after Gavin informed the CIA regarding Bitcoin
- A unit smaller than 1 satoshi is present on the layer of the lightning network. One MSAT Millisatoshi has a 0.000,000,000,001 BTC of a satoshi
- The total number of bitcoins is not twenty one million. Instead, it is 20,999,987.4769. The reason why the number is lower is because of the block reward mechanism that Satoshi has in place. The mining errors also negatively impact new coin creation.
- A bug caused the accidental creation of BTC in the year 2010. Precisely, there were 184 billion of them and the incident is remembered as value overflow incident. That being said, Satoshi worked with another developer to fix this bug inside five hours.
Hacker Hit the Jackpot in 2010
In 2010 on the 15th of August, there was a famous value overflow incident as we discussed earlier. In this incident a hacker used his skills to launch an attack on the blockchain. This helped him to generate 184,467,440,737.09551616 BTC just like that!
The creator if Bitcoin got to work immediately and released a new version known as version 0.3.1 inside five hours after the incident occurred. This version prevented anyone to print Bitcoins through this exploit in the future. This move effectively helped to erase the hacked 134 billion bitcoins. This newly generated chain at that time from version 0.3.1 of the BTC effectively became the standard blockchain that everyone uses these days.
Bottom Line
There have been many other interesting events that took place in the Bitcoin landscape which took every body by storm. XTR trading blog.co.uk discusses them in great detail as well. Suffice to say, the bitcoin world has had its fair share of ups and downs.
