Do you know FBI owns 1.5% of the world’s Bitcoins and no single financial institution or government has control over this digital currency?
Bitcoin is a new kind of money, digital currency and an innovative payment network that isn’t controlled by any central authority such as a bank or government. Simply put, this cryptocurrency allows online payments to be sent directly from one party to another without going through a financial institution such as a bank. This digital currency is stored in a wallet which can be used to buy, sell or send bitcoins to another party.
Created by an unknown identity named Satoshi Nakamoto, Bitcoins are now seeing the enormous increases in its value worldwide. This new currency not only allows fast payments, complete transaction freedom but also involves zero or low fee in processing.
Despite its numerous benefits, the price of bitcoin can unpredictably increase or decrease over a short span of time. And additional efforts are required to protect your privacy with bitcoin.
Satiate your curiosity for Bitcoin with these 58 fascinating and interesting facts. Thanks to BitcoinPlay for this amazing infographic!
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