5 fun facts:
1. The first commercial bitcoin transaction was for pizza. On May 22, 2010, a man in Florida paid 10,000 bitcoins for two Papa John's pizzas. At today's price, those bitcoins would be worth over $570 million.
2. The computing power required to mine new blocks on the bitcoin network is estimated to be more than the entire electricity consumption of a small country, such as Ireland or Denmark.
3. In 2018, the world bank issued the world's first blockchain-based bond, raising $110 million in the process.
4. The first ever blockchain-based video game was CryptoKitties. They were such a hit in 2017 that they caused congestion on the Ethereum network and slowed down the processing of other transactions.
5. Blockchain is being used to develop new ways to vote, manage supply chains, and track land ownership.
#BTC #ETH
1. The first commercial bitcoin transaction was for pizza. On May 22, 2010, a man in Florida paid 10,000 bitcoins for two Papa John's pizzas. At today's price, those bitcoins would be worth over $570 million.
2. The computing power required to mine new blocks on the bitcoin network is estimated to be more than the entire electricity consumption of a small country, such as Ireland or Denmark.
3. In 2018, the world bank issued the world's first blockchain-based bond, raising $110 million in the process.
4. The first ever blockchain-based video game was CryptoKitties. They were such a hit in 2017 that they caused congestion on the Ethereum network and slowed down the processing of other transactions.
5. Blockchain is being used to develop new ways to vote, manage supply chains, and track land ownership.
#BTC #ETH