By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
LezetoLezeto
  • Home
  • Business
    • Crypto
    • Education
    • Automotive
    • Healthcare
    • Finance
    • Investment
    • Legal
    • Industry
    • Retail
  • Money
    • Finance
    • Investment
    • Markets
    • Banking
    • Loans
    • Budgeting
    • Debt
    • Insurance
    • Planning
  • Real Estate
    • Market Trends
    • Construction
    • Moving
    • Property Loan
    • Commercial Real Estate
    • Buying a Home
    • Selling a Home
  • Decor
    • Design Ideas
    • Home Cleaning
    • Home Repair
    • HVAC System
    • Interior Decorating
    • Birthday
    • Gardening
    • Outdoor & Camping
    • Other Events
  • Lifestyle
    • Travel
    • Fashion
    • Beauty
    • Health
    • Food
    • Shopping
    • Jewellery
    • Parenting
    • Relationship
  • Tech
    • Apps
    • Mobile
    • Gadgets
    • Digital Marketing
    • How To
    • PC & Laptop
  • Entertainment
    • Gaming
    • Sports
    • Celebrity
    • TV & Movies
    • Quotes
Reading: Fascinating Cryptocurrency Facts You Should Know
Share
Notification Show More
Latest News
Labor Market
Adapting to A Changing Labor Market:  Challenges and Opportunities
May 12, 2023
Field Service Management Software
The Outstanding Feature of Field Service Management Software
April 25, 2023
Private Label Supplement Manufacturer
How to Find The Best Private Label Supplement Manufacturer
April 23, 2023
Save Money on Heating Bills
Cozy on A Budget – Home Improvements to Save Money on Heating Bills
April 7, 2023
Direct Sales
10 Reasons Direct Sales Make Great Side Hustles
February 25, 2023
Aa
LezetoLezeto
Aa
Have an existing account? Sign In
Follow US
Lezeto > Blog > Business > Crypto > Fascinating Cryptocurrency Facts You Should Know
Crypto

Fascinating Cryptocurrency Facts You Should Know

learningsupports
Last updated: 2021/08/27 at 4:11 PM
learningsupports Published September 11, 2020
Share
2020 block talk summit, cryptocurrency memes
2020 block talk summit, cryptocurrency memes
SHARE

No matter cryptocurrency has gained much popularity ever since the inception of Bitcoin on 3rd January 2009, still this newer monetary concept is like a mystery for many. But it hardly matters, as now it has established its importance, globally. Well, the only person who deserves to be applauded for such huge fame is none other than the founder of Bitcoin, Satoshi Nakamoto. Had he not developed the idea of Bitcoin, we would have never experienced cryptocurrency memes. So all kudos to this pseudonym founder. Now since it has gained much applause for being a unique decentralized technology, let us explore some of the fascinating cryptocurrency facts in this blog. 

Contents
Purchase Of Most Expensive Pizza5K Multiple CryptocurrenciesEthereum: The Closest Competitor To BitcoinLimited Bitcoin AmountConclusion

Purchase Of Most Expensive Pizza

Pizza! As soon as this word comes, one can imagine the delicious junkie triangle food. But how come it is associated with cryptocurrency facts? It reveals the rising journey of Bitcoin as a successful cryptocurrency. The first transaction of this popular cryptocurrency dates back ten years ago on May 22, when the payment of two Papa John’s pizzas was made at 10K Bitcoins by the person named Laszlo Hanyecz. It all happened in 2010, with the rising of one Bitcoin value.

5K Multiple Cryptocurrencies

The success of Bitcoin is the underlying factor behind the rising wave of cryptocurrencies and letting them becoming future assets. That is why we can experience the emergence of newbie currencies. Believe it or not, according to cryptocurrency facts, there are around 5K different cryptocurrencies, worldwide. But not all these cryptocurrencies need to match the success of Bitcoin. 

Many of the coins had failed in the past, but that did not raise the question mark on the existence of altcoins. There are worthy altcoins like Ethereum, Dash, Litecoin, Bitcoin Cash, etc. However, none of these altcoins has been successful so far in dethroning Bitcoin from the kingship of cryptocurrency, but who knows what can happen in the future.

Ethereum: The Closest Competitor To Bitcoin

Continuing our exploration of fascinating cryptocurrency facts, we have mentioned above that no altcoin has dethroned Bitcoin from its kingship, but there is one close competitor that cannot be underestimated. It is Ethereum. It is the second-most popular cryptocurrency after Bitcoin that has a market capitalization of $17.1 billion. 

The brainchild of the idea behind this altcoin in 2013 is Vitalik Buterin, a programmer and a cryptocurrency researcher. He aged too young (19 years) at that time. In mid-2015, Ethereum went live and reached over a million transactions each day. Do you besides Bitcoin, this second-most popular cryptocurrency is under the eye for crypto ‘whales’. 

Limited Bitcoin Amount

Yes, you heard it right, the amount of Bitcoin is limited due to halving. This is the main reason why investors express much interest in knowing Bitcoin uncertain price. When the supply becomes down, the price of Bitcoin tends to increase. This has made many investors thinking about the limited Bitcoin supply in the coming years. So grab your Bitcoins as much as you can!

Conclusion

So these are some of the fascinating cryptocurrency facts that you must be knowing. In this blog, I have mentioned about the first journey of Bitcoin as a transaction with the purchase of two Bitcoins at 10K amount. Also, there has been mention of Bitcoin’s closest competitor, Ethereum. No matter, it is very difficult to dethrone Bitcoin from its kingship of cryptocurrency, but it will be wrong to underestimate worthy altcoins, like Litecoin, Dash, Monero, Bitcoin Cash, Neo, and especially Ethereum. There are many more important facts and updates about the 2020 block talk summit which you can find on websites like Cryptoknowmics.

Also Read :: The Ultimate Guide for Selecting Cryptocurrency

You Might Also Like

Things you Need to Know about NFTs 

What are Cryptocurrencies Used for: Cryptocurrency Trading

Are You Looking For Details About NFT? 

Crypto Security: How to Identify and Eliminate Bitcoin Mining Malware

Get a Bitcoin Bonus – Why You Need to Be Careful?

TAGGED: 2020 block talk summit, cryptocurrency memes
learningsupports September 11, 2020
Share this Article
Facebook Twitter Email Print

About Us

We influence 20 million users and is the number one business and technology news network on the planet.

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Follow US

© COPYRIGHT 2022 | ALL RIGHTS RESERVED

  • About us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms of Uses
  • Cookie Policy

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?