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Fun Facts about Cryptocurrency

7 Fun Facts about Cryptocurrency You Probably Didn't Know

You’ve all probably heard about cryptocurrency. Digital cash. Money of the future. Financial revolution. And if you love playing online slots in online casinos then you also know that cryptocurrency has become one of the most popular payment methods in the online gambling world. That world is well known for providing lots of fun so let’s check out 7 fun facts about cryprocurrency you didn’t know about.

The Founder of Bitcoin is a Ghost

The mysterious person or group of people hiding behind the pseudonym Satoshi Nakamoto is held responsible for founding the world’s first cryptocyrrency. The funnies part lies in the fact that Nakamoto didn’t plan to invent cryptocyrrency at all, but merely to develop a decentralized cash system. It is believed that Nakamoto owns around 1 million Bitcoin units. 

Small Amounts of Bitcoin are Called Satoshi

Most people don’t have a clue that there are small amounts of bitcoin which are used as alternative units. They are called millibitcoin and satoshi. Satoshi is the smallest amount of bitcoin, equals to 0.00000001 bitcoin, which is one hundred millionth of a bitcoin.  

Most Expensive Pizzas in History Were Paid 10,000 BTC 

On the 22nd of May, 2010 Hungarian programmer Laszlo Hanyecz made the first purchase with bitcoin. He bought two Papa John’s pizzas and paid exactly 10,000 BTC for them. According to the value of bitcoin today, those super expensive pizzas would have been worth close to $180 million. Who’s up for multimillion dollars worth slice of pizza? 

Losing Your Crypto Wallet Means Saying Bye, Bye to Your Crypto

Yup, you read it correctly. If you lose your crypto wallet and didn’t secure your private key by writing it down, then you can say “ta ta” to your crypto treasure. Therefore, before playing games at your favourite online casinos, always make sure to make a copy of your crypto address and to keep it in a safe place.

The Number of Crypto Wallets Exceeds 6 Million

Nobody knows for sure how many crypto wallets are floating out there, in the online hyperspace, but it is estimated that there are between 6 million to 12 million active wallets storing cryptocurrency. More than half of cryptocurrency wallets offer storage for more than one crypto­cur­ren­cy. ­   

The FBI Appreciates Bitcoin

Once upon a time “Stop, this is the FBI” was probably the line most agents of the Federal Bureau of Investigation would firstly say. Nowadays the sentence could be rephrased into “Stop, let me see your Bitcoin wallet”, for the FBI is known as the owner of one of the biggest Bitcoin wallets. The approximate worth of their Bitcoin wallet is estimated at $120 million.

21 Million Bitcoins and Not a Single More

Believe it or not, that is true. There is no infinite supply of Bitcoin and the final figure is already known – it is 21 million units. After 2140, when the last Bitcoin is supposed to be mined, no new ones will be availa­ble.  

Are you familiar with some cool or weird fun facts about cryptocurrency? If so, let’s chat about ‘em at our forum. Meanwhile, stay with us and follow more interesting topics, posts and news from the online gambling space.