Happy 14th birthday, #Bitcoin!🥳
1/11 In honor of this milestone, here are 10 interesting facts about the world's first and most well-known cryptocurrency:
🧵A thread by @esatoshiclub
1/11 In honor of this milestone, here are 10 interesting facts about the world's first and most well-known cryptocurrency:
🧵A thread by @esatoshiclub
2/11 #BTC has been profitable for 3,750 days, or 83% of its existence
Relative to today's price, if you bought before November 2020 you're likely in profit, as per this chart:
Relative to today's price, if you bought before November 2020 you're likely in profit, as per this chart:
3/11 A total of 19,248,459.375 BTC entered in circulation
This is roughly 91.66% of the entire supply ever, which is 21 million coins
This is roughly 91.66% of the entire supply ever, which is 21 million coins
4/11 More than 259,912 #BTC have been paid as transaction fees
The chart of transaction fees is below. As one can see, the fees were ever high during 2017's run.
The chart of transaction fees is below. As one can see, the fees were ever high during 2017's run.
5/11 The average transaction time has been 7.39 minutes!
The transaction times were higher, as expected, in the bull runs.
The transaction times were higher, as expected, in the bull runs.
6/11 #Miners had revenue of roughly $47,671,422,165
The revenue chart is plotted below and, once more, we see the peaks coincided with the runs!
The revenue chart is plotted below and, once more, we see the peaks coincided with the runs!
7/11 The average cost per transaction has been $38.66
This is dividing the miner's revenue by the number of transactions. It is not the cost of the user sending a transaction, but rather the cost of the transaction in the network:
This is dividing the miner's revenue by the number of transactions. It is not the cost of the user sending a transaction, but rather the cost of the transaction in the network:
8/11 #BTC reached over $1T in market capitalization
On Oct 2021, the market capitalization reached its peak of roughly $1.25 trillion USD dollars. This is more than half of #Apple's current capitalization and more than the whole #crypto scene's current one:
On Oct 2021, the market capitalization reached its peak of roughly $1.25 trillion USD dollars. This is more than half of #Apple's current capitalization and more than the whole #crypto scene's current one:
9/11 The #blockchain started growing exponentially somewhere in 2015 and currently has roughly 450 GB
It was in 2015 that the inflection point of the exponential growth of the blockchain happened. Its growth has been almost like a straight curve ever since:
It was in 2015 that the inflection point of the exponential growth of the blockchain happened. Its growth has been almost like a straight curve ever since:
10/11 In 2010 there was a #Bitcoin exploit that shortly increased its supply to 184 billion coins
This happened on block 74,638. The culprit is still unknown!
This happened on block 74,638. The culprit is still unknown!
11/11 #Bitcoin has inspired the development of many other #cryptocurrencies, known as #altcoins, but it remains the most well-known and widely used.
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