Do. Jun 20th, 2024

Here are 8 of the most surprising and interesting facts about bitcoin:

#1 Bug

A bug led to the accidental creation of 184 billion BTC in 2010. Known as the „value overflow incident“ on Bitcointalk, this bug was fixed by Satoshi and another developer within 5 hours.

#2 Maxim Number of Bitcoins

The maximum number of bitcoins isn’t 21 million but 20,999,987.4769. The number is lower due to Satoshi’s block reward mechanism and mining errors which have negated the creation of new coins.

#3 Smallest Unit

A smaller unit than one satoshi is already in use on the Lightning Network layer. One Millisatoshi (MSAT) is worth one-thousandth of a satoshi (0.000,000,000,001 BTC).

#4 Satoshi Nakamoto

Satoshi Nakomoto disappeared right after Gavin Andresen went to the CIA to tell them about Bitcoin.

#5 The first Bitcoin Faucet

The earliest Bitcoin faucet (June 2010) created by Gavin Andresen dispensed 5 BTC per visitor.

#6 Altcoin Forks

There are at least 70 altcoins forked off from Bitcoin.

#7 Nobel Prize Nomination

In 2015 Satoshi Nakamoto was nominated for the Nobel Prize in Economic Sciences.

#8 Wallet Balances

90% of all bitcoin addresses have less than 0.1 BTC.

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