Bitcoin, a decentralized virtual currency utilizing blockchain technology, has seen significant growth with an increase of 56% in the last month and 850% over the past year. Created in 2008 by the mysterious Satoshi Nakamoto, Bitcoin offers secure transactions without banks and has a capped supply of 21 million coins, with concerns about mining becoming increasingly difficult. While some countries regulate Bitcoin as legal tender, others have attempted to ban it, highlighting its resilience as a financial system.

1. Amazing facts
about Bitcoin

2. Nowadays, there is a huge hype around Bitcoin. It’s
clear. According to the Coin.dance stats, it has grown
by more than 56% during the last month, and by
850% during the last year. But not all people really
understand what is Bitcoin, how did it appear and
how to deal with it. Let’s take a closer look and learn
some interesting fact about this cryptocurrency.

3. Bitcoin is a virtual currency that uses
Blockchain technology for secure payments
and storing money electronically, without
requiring a bank or a person’s name.
There was a great need for a stable
currency which can be used by people
worldwide, so the Bitcoin was created.
This is something that is becoming more and
more powerful, just because of that stability.
Bitcoin is a first cryptocurrency

4. Decentralized structure is the main feature and the
greatest benefit of Bitcoin. Unlike fiat currencies,
it can’t be controlled, as it’s just a series of
numbers that is transferred from one computer
to another. This is the heart of any cryptocurrency.
Decentralized structure

5. Everybody heard about Satoshi Nakamoto -
bitcoin creator. But nobody knows who hides
behind this name. It may be just one man or a
group of like-minded people who created the
world’s best-known cryptocurrency in 2008.
They say, that Nakamoto owns 1 million
Bitcoins. This sum equals nearly 6 billions of
dollars.
The personality of Bitcoin creator is mystery

6. There are many ways for you to get Bitcoin and
one of them is “mining.” This term is used for
those who earn Bitcoins by solving math
problems while using special software that
will distribute a certain amount of Bitcoins
in exchange for those solutions.
However, everyday mining becomes
more and more difficult and less
cost-effective. Nowadays, it’s
almost impossible to mine
Bitcoins with just one computer,
you need special powerful equipment.
You can mine Bitcoins

7. The overall number of Bitcoins can’t be
more than 21 million. After they reach
this mark, the emission will stop. More
than a half of this number was
produced since 2009. It is estimated
that the 2140 year will be the year
when the last Bitcoin is mined.
Bitcoins are limited in number

8. Bitcoin is designed such a way that it can’t be banned,
only regulated. As long as you have an internet
connection and a Bitcoin wallet, you can engage in
Bitcoin.
Nevertheless, many countries have tried to ban it, like
Bangladesh, Bolivia, Thailand, Vietnam. But there are
some countries like Australia, Russia, Japan, and
Venezuela which have made Bitcoin an official legal
tender and are regulating it.
Anyway, Bitcoin can’t be pushed away just because it
threatens the financial power structure. This is the real
beauty of Bitcoin.
Bitcoin can’t be banned

9. If you were wondering where you will keep your
Bitcoins, it’s simple; you will have a wallet of
course, but a digital one. It’s the same thing as
with bank account only it has a different name,
and you don’t have to pay any annual fees to
keep that wallet. It acts as a physical wallet, and
you will have your Bitcoins in one place from
where you can do whatever you want with them.
Bitcoins are held in digital wallets

10. We only pay bank fees because banks
want to get profit profit. It doesn’t cost a
thing for a bank to transfer money to
another account. When you use Bitcoins,
there are no fees when it comes to sending
money to someone, because there is no
one that would feel a need to make a profit
out of those transfers.
You can send money without any fees
%

11. The most dangerous part of the Bitcoins
is that you cannot get them back if you
lose access to your wallet. This is why
you must take care of the security of
your Bitcoin wallet as well as operate
only with trusted vendors. Losing your
wallet will put you in a position where
you cannot get them back in any way,
so be careful on having you’re storing
and spending them.
Losing your wallet means losing Bitcoins

12. We think that Bitcoins are some sort of
over-secured money, however, they can
be stolen! One user announced that
someone stole 25K BTC from his wallet in
June 2011. The Webhost company was
robbed by some hackers too, they stole
nearly 50K BTC in March 2012 (it was
equal to $230.000 at that moment).
Bitcoins can be stolen

13. May 22th is celebrated as Bitcoin Pizza Day.
Some time ago, it was nearly impossible to
buy something for Bitcoins. So, on 22 May
2010, an American programmer Laszlo
Hanyecz decided to prove that it is a quite
achievable goal, so he gave to another
participant of the Bitcoin Internet forum 10K
BTC for delivery of 2 pizzas. This was the
first official documented purchase of goods
using Bitcoins.
Bitcoin Pizza Day

14. Thank you for
watching
the presentation!