10 Bitcoins Facts


Welcome to the Facts section of Astrix Study. Let's get started with 10 Bitcoin Facts.

  1. No single entity controls Bitcoins.

  2. There are only 21,000,00 Bitcoins. (These are not infinite)

  3. Bitcoins do not have a fixed value. It is worth real money as people are willing to trade goods or services using them.

  4. On 22 May 2010, the first purchase using Bitcoins was made. It was two Papa John Pizzas.

  5. Bitcoins do not come into existence, they are mined using specialized computers.

  6. No Bitcoins will be mined after 2140.

  7. If you lose your Private key, you lose your Bitcoins forever.

  8. There are approximately 23% of total Bitcoins that are lost forever.

  9. Satoshi is the smallest unit of Bitcoin.

  10. Bitcoin is not the world's first cryptocurrency.

Thank you for reading. We hope you like it.

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