Facts about Cryptocurrency

1. 07

   Over 900 cryptocurrency exchanges have shut down or been hacked since 2014, with the 2022 collapse of FTX resulting in approximately 8 billion dollars in missing customer funds.

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2. 06

   Vitalik Buterin created Ethereum at age 19 in 2015, introducing smart contracts that enabled decentralized applications beyond simple financial transactions on blockchain networks.

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3. 05

   Satoshi Nakamoto, Bitcoin's anonymous creator, owns approximately 1 million bitcoins worth roughly 47 billion dollars as of 2024, yet has never spent or moved these coins since 2010.

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4. 04

   The Ethereum network processed over 1 billion transactions in 2023, consuming approximately 112,260 megawatt-hours of electricity annually after its 2022 shift to proof-of-stake consensus.

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5. 03

   El Salvador adopted Bitcoin as legal tender on September 7, 2021, becoming the first sovereign nation to do so.

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6. 02

   Bitcoin's total supply is capped at 21 million coins, with approximately 19.5 million already mined as of 2024.

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7. 01

   In 2010, a programmer paid 10,000 Bitcoin for two pizzas, a transaction now worth over 600 million dollars at 2021 peak prices.

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