Bitcoin : Interesting Facts
1. BITCOIN AND bitcoin AREN'T THE SAME
A most confusing difference between Bitcoin and bitcoin, they are not interchangeable . Bitcoin with a capital 'B' means network, while the currency is spelt with a small 'b'.

2. BITCOIN TRANSACTIONS ARE DONE BY USERS NOT INSTITUTIONS
Bitcoins run through a peer-to-peer network, means no central body to control , but rather the control is decentralised throughout the user base. This secures information within a public ledger, known as Blockchain. This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction.

3. THERE WILL BE 21 MILLION BITCOINS
As of June 2017, there are approximately 16,366,275 bitcoins in circulation, but the final figure is finite. Based on the fact that bitcoins are created at a fixed rate of roughly every 10 minutes per block, we can accurately predict, almost to the exact hour, the date the 21 millionth, and last, bitcoins will enter circulation.

4. NOT BANKS STORED IN DIGITAL WALLETS
The decentralisation of traditional banks allows the user to store bitcoins in wallets, with the omission of mandatory transaction fees.

5. BITCOINS ARE MINED; NOT MINTED
Not like traditional currency, bitcoins exist as a result of a production process named mining. Computers are used to solve complex mathematical algorithms, to introduce new bitcoins into the economy.

6. TRANSACTIONS ARE INCOGNITIVE
Names of buyers and sellers are never revealed. Though transactions are recorded in a public ledger (blockchain) only their wallet ID's are represented, allowing transactions to remain private, yet transparent.

7. BITCOIN IS DIVISIBLE TO 1 MILLION BITS
Single bitcoin can be broken to 1,000,000 bits. 0,00000001 of a bitcoin is known as a satoshi, named after the 'founder' of Bitcoin, Satoshi Nakamoto. The smallest denomination viable for a transaction is 5,430 satoshi's.

8. BITCOINS NETWORK : VIRTUALLY 'UNHACKABLE'
Bitcoins are secured by cryptography. The only considerable source ever imposing a threat would be quantum computing, which does not exist. Google has one of the largest computing networks in the world. Even If you combine all of Google's computing power and multiply it by 1,000, still it won't exceed the computing power of the Bitcoins network.

9. AGGREGATE 237,251 TRANSACTIONS A DAY
This number has grown at a rapid rate and will continue to do so, as more bitcoins are readily available, more people have turned to bitcoin as a feasible payment method.

10. NO PHYSICAL BITCOINS
You might not believe it, but it's true. There is no physical evidence of existence of bitcoins.

Start Trading with [url="https://www.bitssa.com"]BITSSA[/url] in Nigeria with Naira and soon in Ghana with Cedi