Bitcoin: find out more about the futuristic digital currency

Interesting facts about Bitcoin - Satoshi Nakamoto is a name that might not mean anything to you, or to most people really. It's the fictitious name of the person (or people) who created bitcoin, the cryptocurrency that's been in the news recently. Bitcoin's value is very unstable and it follows the market's rules - the bigger the demand, the higher the value. Click here to find out some impressive facts about bitcoin!

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Pizza - According to 'ABC Science,' the first commercial bitcoin transaction consisted of buying a pizza for 10 thousand bitcoins.

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University fees - The University of Nicosia in Cyprus was the first to accept bitcoins in tuition fee payments.

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Value - According to 'CNBC,' if you spent $100 on bitcoins in 2010, you'd have approximately $75 million in May this year.

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Database - Bitcoin is totally transparent, as all the transactions can be seen on 'blockchain,' a type of database.

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Online theft - According to 'Bitcoin.com,' two hackers managed to amass $1 million in 14 months by stealing bitcoins.

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Power - According to the 'World Forum Economic,' the electricity needed for a bitcoin transaction could supply power to a house for a month.

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Nobel Prize - In 2015, Satoshi Nakamoto was nominated for the Nobel Prize in Economics.

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Tax - According to 'Bitcoinplay,' in 2015 in the United States, only 802 citizens paid their taxes for business in bitcoin.

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Number of transactions - According to 'The Cointelegraph,' three to seven bitcoin transactions can be made in a second. Sometimes, Visa can register more than 24 thousand transactions per second.

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Energy - According to the 'World Economic Forum,' at this rate, in 2020 mining (the process of generating bitcoins) will consume more energy than the amount currently produced in the whole world.

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Value since 2010 - According to the 'MIT Technology Review,' in 2010 there was still a website called 'Bitcoin Faucet' created by bitcoin's 'inventor,' which offered five bitcoins to whoever visited it, up to a total of 10 thousand bitcoins. At the current rate, that value corresponds to $44 million.

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Paying taxes - According to 'Fortune,' in January 2018 the residents of Chiasso, Switzerland, will be able to pay their taxes with bitcoins.

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Liberland - According to the BBC, a man tried to create a new independent nation in a uninhabited parcel of disputed land located between Serbia and Croatia. It was called Liberland and there were no taxes or gun control, and bitcoin was the chosen currency.

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Unused fortune - According to 'Bitcoinplay,' 64% of bitcoins were never used and will never be.

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Japan - According to 'Bitcoin.com,' Japan recognizes bitcoin as a form of payment but not as a currency.

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FBI - According to 'Bitcoinplay,' the FBI holds 1.5% of all the existing bitcoins.

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Forbidden - Bolivia, Ecuador, Kirghistan, Bangladesh, Nepal and Morocco are some of the countries where bitcoin is forbidden.

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Simple rule - You can't cancel a transaction or be forced to pay, the same way a company won't return your money if you pay for a service you don't want.

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Cryptocurrencies - According to a research conducted by the University of Cambridge in 2017, there are anywhere between 2.9 and 5.8 million unique users using cryptocurrencies, with most opting for bitcoin.

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Strongest cryptocurrency - According to 'The Guardian,' bitcoin is the largest cryptocurrency in the world. There are about 800 of them, and they amount to a total of $96 billion.

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Electricity - According to a study by 'Digiconomist,' bitcoin is the 64th largest electricity consumer in the world.

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Maximum value - It is estimated that a maximum of 21 million bitcoins will be circulating by 2140.

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Documentary - Austin Craig and Beccy Bingham made a documentary called 'Life on Bitcoin,' in which they used only bitcoins for 90 days.

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Lost fortune - If you lose your online wallet with bitcoins in it, you'll lose the coins forever. Even though they still exist because they are backed up in the 'blockchain,' you can't spend them because when you lost the wallet you also lost the access codes to said bitcoins.

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Millionaires - Bitcoin millionaires include Roger Ver with $52 million, Charlie Shrem with $45 million and Dave Carlson with $35 million.

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Lost bitcoins - According to the BBC, in 2013, a Welsh man threw away a hard drive that contained around $7.5 million in bitcoins.

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Free of regulation - There's no official entity regulating bitcoin.

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