Avatar
Bitcoin Pills
30db41baeff2f65f47bcb1aa4f8394466916a22ded0bee8788ac68852f424e10
Every day a new pill about bitcoin world

#45 Bitcoin ATMs: Bitcoin ATMs allow users to buy and sell Bitcoin for cash, with thousands of machines worldwide.

#bitcoin #btc #nostr #grownostr

#44 Bitcoin for Remittances: Bitcoin is increasingly used for international remittances, bypassing traditional banks.

#bitcoin #btc #nostr #grownostr

#43 Hash Rate: The total combined computational power used to mine and process Bitcoin transactions is called the hash rate.

#bitcoin #btc #nostr #grownostr

#42 SegWit Upgrade: The 2017 SegWit (Segregated Witness) upgrade improved Bitcoin’s scalability by altering how data is stored in blocks.

#bitcoin #btc #nostr #grownostr

#41 Satoshi as a Unit: The smallest unit of Bitcoin is called a "satoshi" (0.00000001 BTC), honoring its creator.

#40 Bitcoin’s First Price: The first recorded Bitcoin price was around $0.0008 per BTC.

#bitcoin #btc #nostr #grownostr

#39 Bitcoin Symbol: Bitcoin’s symbol is a stylized “₿” with two vertical lines through it, like a dollar or euro sign.

#bitcoin #btc #nostr #grownostr

#38 Satoshi’s Fortune: Satoshi Nakamoto is believed to own around 1 million BTC, untouched since 2009.

#bitcoin #btc #nostr #grownostr

#37 Self-Custody: “Not your keys, not your coins” reminds users to hold their private keys for true Bitcoin ownership.

#bitcoin #btc #nostr #grownostr

#36 Bitcoin Mining Pools: Mining pools allow miners to combine their computing power to solve blocks more efficiently.

#bitcoin #btc #nostr #grownostr

#35 Bitcoin vs. Altcoins: Bitcoin remains the dominant cryptocurrency, often referred to as "king" in the crypto space.

#bitcoin #btc #nostr #grownostr

#34 Taproot Upgrade: In 2021, Bitcoin received a significant upgrade called Taproot, improving privacy and efficiency.

#bitcoin #btc #nostr #grownostr

#33 Goxxed: The term "goxxed" refers to losing funds due to poor security practices, originating from the Mt. Gox collapse.

#bitcoin #btc #nostr #grownostr

#32 Bitcoin and Inflation: Bitcoin’s fixed supply makes it a hedge against inflation in traditional fiat currencies.

#bitcoin #btc #nostr #grownostr

#31 Lost Bitcoins: An estimated 3-4 million Bitcoins may be lost forever due to lost private keys or forgotten wallets.

#bitcoin #btc #nostr #grownostr

#30 Block Reward: Miners currently receive 3.125 BTC as a reward for mining each new block.

#bitcoin #btc #nostr #grownostr

#29 Bitcoin's First Block Reward: The Genesis Block’s reward of 50 BTC remains unspendable due to Satoshi’s deliberate code design.

#bitcoin #btc #nostr #grownostr

#28 Bitcoin in Art: Bitcoin has inspired countless pieces of digital and physical art celebrating its impact on finance and society.

#bitcoin #btc #nostr #grownostr

#27 Bitcoin in Space: Blockstream launched satellites that broadcast Bitcoin’s blockchain, enabling transactions without internet.

#bitcoin #btc #nostr #grownostr