Bitcoin is one of the most famous cryptocurrencies in existence, but there are still many things you might not know. For instance, who created it? And what makes bitcoin different from traditional money that doesn’t have its origins with Satoshi Nakamoto – if indeed he even exists as an individual person at all! We explore five interesting facts about Bitcoin that you might not know!
1. I Wanna Pizza you
The first transaction ever involving bitcoin was recorded in May 2010, when an individual named Laszlo Hanyecz traded 10,000 bitcoins for two Papa John’s pizzas. At the time of exchange, one BTC had a value equivalent to $41 – which makes his haulworth over 645 million dollars today!
2. To capital B, or not to b
There are two versions of the word “Bitcoin” and they both refer to different things. One version refers just to cryptocurrency, but there’s also a separate term for blockchain technology that underpins it all – this can be spelled with either an uppercase B or without one at all!
3. Bitcoin isn’t actually the first digital currency
The first digital currency to come into being was bitcoin, but it has several competitors. However, there is one competitor that predates even this invention: David Chaum’s DigiCash created in 1989 which he described as an “entirely electronic money system” with no central authority or store of value behind its transactions
In fact- accordingto Wikipedia “Digicash attempted commercialization[…]but failed due primarily from technical factors regarding security.”
4. The creator of Bitcoin is still unknown
Bitcoin was created by Satoshi Nakamoto. However, this is widely thought to be a pseudonym. Whoever the true creator of bitcoin and his or her fortune in cryptocurrency lies – it amounts up at an estimated 940 thousand bitcoins–enough for them take their place among Forbes’ list as one of world’s Richest People!
5. Satoshis are not the smallest unit of a bitcoin!
The Lightning Network is a rendering of change for the Bitcoin world. With it, you can send and receive tiny payments with Millisatoshis (MSAT). A thousandth subdivision from Satoshi!
The micropayment system allows users to make low-value transactions which may not have been possible before its inception in 2008 when Sato made his debut as Nakamoto – though many people don’t realize that’s what they’re doing when making small purchases online these days thanks so much LN… But wait there’s more: one 1000 MSL equals 1 USDT
There are still many things we don’t know about bitcoin, like how it evolved from an invention by Satoshi Nakamoto into what it is today — or even if there really was a creator, but hopefully this article helped shed some light on some new facts about the world’s largest digital currency!