• Genesis Block: The first block of a blockchain is called the "genesis block," and Bitcoin's genesis block contained a message referencing a financial crisis headline.

  • Satoshi Nakamoto: The pseudonymous creator of Bitcoin, Satoshi Nakamoto, remains unknown, adding an air of mystery to the cryptocurrency's origin.

  • Altcoins: There are thousands of alternative cryptocurrencies, known as altcoins, each with its unique features and purposes beyond Bitcoin.

  • Blockchain Size: The Bitcoin blockchain's size exceeds 300 gigabytes, growing steadily as more transactions are added.

  • Mining Reward Halving: Bitcoin's supply is capped at 21 million coins and approximately every four years, the mining reward halves, reducing the rate at which new bitcoins are created.

  • Crypto Wallets: Wallets store cryptographic keys used to access cryptocurrencies. They can be software-based (online or offline) or hardware-based for enhanced security.

  • ICO Boom: Initial Coin Offerings (ICOs) gained popularity as a fundraising method for new cryptocurrencies, reaching a peak in 2017.

  • Smart Contracts: Ethereum introduced smart contracts, self-executing contracts with the terms of the agreement directly written into code.

  • Decentralized Finance (DeFi): DeFi refers to financial services built on blockchain technology, allowing users to engage in lending, borrowing, and trading without traditional intermediaries.

#CryptoCurrency #DigitalCurrency #WahajAfridi