Most Interesting Bitcoin Facts 1. Bitcoin creator, Satoshi Nakamoto, is still a mystery figure Satoshi Nakamoto is the name used by the person who designed bitcoin but there’s still doubt about the real identity. Over the years, many people have been linked with the same, including Nick Szabo, Dorian Nakamoto, Hal Finney, Craig Steven Wright, and others. Some people consider Nakamoto might be a team of people. As of May 2017, Nakamoto is believed to own about 1 million bitcoins with a worth of more than $2 billion. 2. Bitcoins are limited in number You might’ve heard about bitcoin mining, the process using which bitcoins are generated digitally. So, does this mean there could be an infinite number of bitcoins? That’s not the case. A pre-defined schedule has limited the number of bitcoins. They are slowly approaching a total of 21 million and the mining process is getting harder with each passing day. 3. It’s impossible to know the sender/receiver details Bitcoin addresses are a long string of 34 alphanumeric characters. Using that address, it’s impossible to tell the recipient. Probably, this is the reason why most of the illegal transactions are carried out using bitcoins. To protect the privacy even further, most wallet programs assign the users a portfolio ID, which is also used as a username. 4. Pizza was the first thing (good) purchased using bitcoin After the first bitcoin transaction took place between Satoshi and Hal Finney in 2009, the first recorded purchase was made for buying pizza worth $25. To do so, 10,000 bitcoins were spent. 5. Bitcoin network is much powerful than supercomputers According to the experts, Bitcoin networks has a computing power of 2,046,364 Pflop/s. This is my personal favorite fact about bitcoin. If you go ahead and combine the computing power of the 500 most powerful supercomputers, you’ll get a combined fever of 274 Pflop/s.