Bitcoin Facts (Bonus NFT)

Bitcoin Facts:
1. Halving events occur approximately every four years, reducing the rate at which new bitcoins are created and impacting the overall supply dynamics. The most recent halving took place in 2020.

2. The identity of Satoshi Nakamoto remains unknown, leading to various theories and speculations about the true identity of the cryptocurrency's creator.

3. Bitcoin is often referred to as "digital gold" due to its store of value characteristics and being a hedge against inflation, similar to traditional precious metals.

4. The first Bitcoin exchange, BitcoinMarket.com, was established in March 2010, allowing users to trade bitcoins for fiat currency.

5. Some major companies and institutions, including Tesla and MicroStrategy, have added Bitcoin to their balance sheets as a strategic reserve asset.

6. Bitcoin is divisible up to eight decimal places, providing flexibility for microtransactions and allowing for precision in the transfer of value.

7. Several countries have embraced Bitcoin as legal tender, with El Salvador being the first nation to officially adopt it for everyday transactions in 2021.

8. Wallets can be categorized as hot wallets (connected to the internet) or cold wallets (offline), each with its own security considerations.

9. The Lightning Network is a layer-2 scaling solution for Bitcoin, aiming to enable faster and cheaper transactions by conducting some transactions off the main blockchain.

10. Bitcoin has inspired the creation of thousands of alternative cryptocurrencies, collectively known as altcoins, each with its unique features and use cases.

Bitcoin NFT:
https://bit.ly/4aDbrpT
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