Tuesday, May 22Care to be aware

Facts & Figures

Bitcoin: Lesser known Facts

Bitcoin: Lesser known Facts

Cyber Security, Facts & Figures
  10 Most Interesting Bitcoin Facts 1. Bitcoin creator, Satoshi Nakamoto, is still a mystery figure Satoshi Nakamoto is the name used by the person who designed bitcoin but there’s still doubt about the real identity. Over the years, many people have been linked with the same, including Nick Szabo, Dorian Nakamoto, Hal Finney, Craig Steven Wright, and others. Some people consider Nakamoto might be a team of people. As of May 2017, Nakamoto is believed to own about 1 million bitcoins with a worth of more than $2 billion. 2. Bitcoins are limited in number You might’ve heard about bitcoin mining, the process using which bitcoins are generated digitally. So, does this mean there could be an infinite number of bitcoins? That’s not the case. A pre-defined schedule has limited the n
Bitcoin and its future

Bitcoin and its future

Facts & Figures
In the year 1976, F.A Hayek, in his book “The Denationalisation of Money,” propagated the establishment of competitively issued private money. In the mid-70s, what seemed like a farfetched idea was conceived by yet another Economist in the year 1999. Milton Friedman, an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences, predicted of time where internet, (still in a nascent stage then) would help abolish the role of a government and evolve a currency free from the shackles of the government control. Less than ten years later the prophecy came true when Satoshi Nakamoto, a Japanese, invented a form of cryptocurrency called “Bitcoin.” The origin of Bitcoins can be traced to the aftermath of the global recession and money crisis of 2008 that shook the whole w