#26 Bitcoin ETFs: Bitcoin Exchange-Traded Funds (ETFs) have been launched, allowing investors to trade Bitcoin like a stock.
#bitcoin #btc #nostr #grownostr
#25 Bitcoin’s Supply Code: The 21 million BTC supply cap is embedded in Bitcoin’s source code and cannot be changed.
#bitcoin #btc #nostr #grownostr
#24 Mt. Gox Hack: The 2014 Mt. Gox hack led to the loss of 850,000 BTC, shaking the crypto world.
#bitcoin #btc #nostr #grownostr
#23 Bitcoin Wallet Types: There are different types of wallets: hot (online) and cold (offline) storage.
#bitcoin #btc #nostr #grownostr
#22 Running a Node: Anyone can run a Bitcoin full node to help verify transactions and secure the network.
#bitcoin #btc #nostr #grownostr
#21 Bitcoin Forks: Bitcoin has had several forks, including Bitcoin Cash (BCH) and Bitcoin SV (BSV), due to differences in scaling debates.
#bitcoin #btc #nostr #grownostr
#20 Energy Debate: Bitcoin mining is often criticized for its energy consumption, though some argue it incentivizes renewable energy.
#bitcoin #btc #nostr #grownostr
#19 Mining Difficulty: The difficulty of mining adjusts every 2,016 blocks (approximately two weeks) based on total network power.
#bitcoin #btc #nostr #grownostr
#18 Bitcoin Whitepaper: Satoshi Nakamoto published the Bitcoin whitepaper on October 31, 2008.
#bitcoin #btc #nostr #grownostr
#17 Digital Gold: Bitcoin is often referred to as “digital gold” due to its scarcity and ability to store value over time.
#bitcoin #btc #nostr #grownostr
#16 Unspent Transaction Outputs (UTXOs): Bitcoin transactions work by spending unspent transaction outputs from previous transactions.
#bitcoin #btc #nostr #grownostr
#15 Fixed Inflation Rate: Bitcoin’s predictable issuance rate combats inflation by gradually reducing new supply.
#bitcoin #btc #nostr #grownostr
#14 Satoshi’s Disappearance: Satoshi Nakamoto vanished in 2011, leaving control of Bitcoin’s future to the community.
#bitcoin #btc #nostr #grownostr
#13 Lightning Network: The Lightning Network is a layer 2 solution that enables faster, cheaper Bitcoin transactions.
#bitcoin #btc #nostr #grownostr
#12 Bitcoin and El Salvador: El Salvador became the first country to adopt Bitcoin as legal tender in 2021.
#bitcoin #btc #nostr #grownostr
#11 First Exchange: Mt. Gox, launched in 2010, was one of the first Bitcoin exchanges. It collapsed in 2014 due to hacking.
#bitcoin #btc #nostr #grownostr
#10 Public and Private Keys: Bitcoin uses cryptographic keys. The public key is your Bitcoin address, while the private key is your access.
#bitcoin #btc #nostr #grownostr
#9 Anonymous Transactions?: Bitcoin is pseudonymous. Transactions are public, but users’ identities are hidden behind addresses.
#bitcoin #btc #nostr #grownostr
#8 Bitcoin Block Time: A new block is mined approximately every 10 minutes.
#bitcoin #btc #nostr #grownostr
#7 Proof of Work: Bitcoin’s security relies on Proof of Work (PoW), a consensus algorithm where miners solve complex problems.
#bitcoin #btc #nostr #grownostr
