Facts about blockchain

Fact 1

In Holland, cryptocurrency is extracted from the warmth of human body.

Fact 2

A $200,000 white Lamborghini Huracan racecar with a matte finish cost Peter Saddington 45 bitcoins. The same 45 Bitcoins have now soared to $292,500, but Saddington is not upset - he remembers that back in 2011, when he first heard about Bitcoin, he only paid $115 for five Bitcoins. Thus, the supercar, in fact, cost him a hundred bucks.

Fact 3

The OnederX cryptoexchange, registered in Estonia, established a new scheme of work with the meme economy, which involves building composite indexes of meme activity in various communities and creating an exchange-friendly tool. By analyzing the popularity of memes in various thematic communities, special algorithms determine each meme's “exchange rate.” As a result, the memes themselves will not be traded on OnederX, rather, it is their composite indexes, which reflect popularity in leading communities.

Fact 4

Tesla has been bought with Bitcoins on several occasions: in 2013, a Tesla S was bought for 91 BTC, worth $109,000 at the time (today it would be the equivalent of $53.8).

Fact 5

Reports of real estate being bought with Bitcoins began to appear as early as in 2014. In March an anonymous buyer purchased a villa in Bali for 800 BTC ($500,000 at the time, currently the equivalent of $5.2 million), while another anonymous buyer acquired 1.4 acres on Lake Tahoe in California for 2739 BTC ($1.6 million then and over $17.8 now).

Fact 6

The biggest real estate purchase directly for BTC was conducted in February 2018, when Bitcoin investor Michael Komaranski sold his mansion in Miami for 455 BTC – equivalent of $6,000,000 at the time. Currently, as this article is being written, 455 BTC is equal to just under $3,000,000.

Fact 7

The first time a private plane was paid for with Bitcoin was documented in 2014, when a member of the Bitcoin Foundation Olivier Janssens chartered a private plane from PrivateFly.com.

Fact 8

Nikosia University in Cyprus became the first educational institution that began accepting bitcoin for tuition payments in 2013.

Fact 9

Among other universities that accept bitcoin are the European School of Management and Technology in Berlin and the Lucerne University of Applied Sciences and Arts in Switzerland, which declared that bitcoin has been approved as means of payment for tuition in October 2017.

Fact 10

The small island state of Vanuatu in the South Pacific became the first country in the world that sells its citizenship for Bitcoin. The price is approximately $180,000.

Fact 11

The small Caribbean state of Antigua and Barbuda accepts Bitcoin for its citizenship program. It’s slightly less expensive than in Vanuatu – just $135,000.

Fact 12

Gulden is a digital platform developed in the Netherlands. It means ‘golden coin’. The project was intended to become Netherlands’ official digital currency, which should be a real breakthrough in the electronic money sphere. Subway, the fast food chain, was one of the first to accept it as payment in its Leeuwarden locations.

Fact 13

A question on Bitcoin has been included in the test that Dutch students have to pass in order to get a secondary school diploma.

Fact 14

Bitcoin is the very first cryptocurrency created using blockchain technology. The total number of coins is limited to 21 000 000.

Fact 15

Ethereum cryptocurrency emerged in 2014. In order to promote and draw investments, the first ICO in the cryptocurrency world was conducted.

Fact 16

Bitcash appeared as a result of a Bitcoin fork in August 2017. The main difference from Bitcoin was in the fact that BCH (Bitcoin Cash) has a largerblock size (increased from 1 to 8 MB).

Fact 17

Litecoin appeared in 2011 as an alternative to Bitcoin. Its founder Charlie Lee aimed to lower the cost of coin generation, since it was already mining Bitcoin on regular PCs was already inefficient. The total number of units in circulation is limited to 84,000,000 Litecoins. Compared to Bitcoin, Litecoin has a greater transaction speed.

Fact 18

Cardano is one of the least known coins in the rating of the most highly capitalized cryptocurrencies. The project is a decentralized platform, within which one can create apps and contracts. Cardano appeared in 2014. The Cardano Foundation is responsible for the standardization, security and promotion. The IOHK team conducts the development.

Fact 19

The Neo Project is a platform that users can utilize for launching and trading assets. It emerged as the result of Antshares rebranding in 2014. A homonymous token, Neo, is used as the cryptocurrency and traded at major exchanges. The project’s cooperation with Microsoft and Alibaba is considered the key to the success of the cryptocurrency and the company as a whole. A total of 100,000,000 coins had been issued.