Bitcoin is a cryptocurrency that has drawn incredible attention from the general public. This is particularly true in 2017, when the price of one Bitcoin started to rise tremendously.
The price for one Bitcoin now is $4,322 (as of September 12, 2017), which is more than twice its price back in January 2017. The main reason for this surge is China’s growing interest in digital money, and Bitcoin in particular.
Don’t miss 58 insane facts about Bitcoin prepared by professionals from Bitcoin Play.
Meanwhile, we will cover some of the most interesting ones.
The number of Bitcoins is finite
There is a finite number of blocks to mine in Bitcoin, as the number of BTC itself is limited by 21 million. Experts predict that the last Bitcoin will be mined in May 2140.
Refunds are not available
If the transaction is made and recorded in Blockchain, there is no way to change it. So if you accidentally send your digital money to someone, you have no chance of getting it back. In 2016, one unlucky bitcoiner sent $137,000 instead of $5 with no way to get it back. So be attentive while making your transactions.
Things you can do with Bitcoin
To start with Bitcoin you just need to open a digital wallet and a bank account. You can book a hotel or a flight, buy a grand villa, eat a burger or purchase any Microsoft product. Many online shops are accepting Bitcoin now, where you can buy art, antique carpets or jewelry.
Check out all the interesting bitcoin facts in the infographic below: