TEN LATEST FACTS OF BITCOIN

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Bitcoin is a decentralized cryptocurrency that no bank or central authority controls

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Bitcoin has a limited supply of 21 million coins, which is expected to be reached by 2140

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About 20% of the total Bitcoin supply is thought to have been lost, owing to discarded desktops and laptops, as well as stolen or misplaced keys

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Bitcoin transactions are irreversible and users can view all the transactions on a public ledger called the blockchain

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Bitcoin users can mine bitcoins by using their computing power to solve complex mathematical problems and earn rewards

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Bitcoin payments can be made with minimal or no fees, depending on the network congestion and the priority of the transaction

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Bitcoins are stored in digital wallets that can be accessed with a private key, which is a number between one and ten thousand seven hundred seventy-seven

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Losing wallets or private keys means loss of bitcoins, as there is no way to recover them without a backup

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Hope you people found the story informative. For more such interesting stuff, click on the link given below

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Hope you people found the story informative. For more such interesting stuff, click on the link given below

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