Post
Topic
Board Bitcoin Discussion
DID YOU KNOW?
by
J Sykes
on 02/05/2018, 16:14:36 UTC
Did you know...that you never actually have possession of your bitcoin even if you hold your private keys in a wallet. Private keys are nothing more than an access code to a ledger account on the blockchain. A wallet is probably misleading, it is more of a key chain where you store keys to unlock and transfer bitcoin within the blockchain.

Did you know...that one of the most difficult things to produce in nature is a random number. You need random numbers to produce private keys. Stanford use a camera pointed at a lava lamp to produce data points which turn out to be great random number generators.

Did you know...Nick Szabo, the man many think is satoshi Nakamoto (unproven) was the person who coined the phrase "smart contract"

Did you know...Bitcoins current transactions per second capacity is roughly 7 and Ethereums is 20. Visa can do 24000. But do not be disheartened. Visa has a 60year head start. With state channels and other updates billion transaction per second systems are muted to be possible so watch out Visa

Did you know...The biggest venture capital firms in cryptocurrency are :FBG CAPITAL, FENBUSHI, BLOCKCHAIN CAPITAL, INBLOCKCHAIN, KINETIC CAPITAL, BITMAIN, PANTERA CAPITAL, COINSILIUM GROUP and SEQOIA CAPITAL so keep and eye out for who they back, these are professional investors!

Any more did you knows that people may find helpful/interesting?