Litecoin wallet version

This article will introduce some of bitcoin’s Mind-Bending amazing abilities only few people know. As you read this list, remember your favorite so can impress your friends with your new incredible bitcoin knowledge.

1. Fun with programmable money

• Bitcoin wallets are like personal debit cards that you can create and assign yourself to store your bitcoin. Some new wallet versions can be programmed with bizarre abilities.
• You can program features like GPS coordinates on your phone that make the money unavailable off if your kid leaves the city.
• You can also create “treasure hunts” where coins will suddenly be released for you to use if you find yourself in the right place at the right time.

• You may also release money by calendar dates – gifting bitcoin money that can’t be used until their 18th birthday or Christmas. Or set up a will that releases amounts in intervals long after your death.
• Huge potential for ideas not yet imagined.

2. First purchase with bitcoin

• Bitcoin’s price wasn’t established by a committee, government, or special council.
• Florida resident Laszo Hanyez may go down in history for buying the most expensive pizza ever recorded. He also makes history for making the first significant purchase using bitcoin.
• His 10, 000 bitcoins used in June of 2010 bought two Papa John’s Pizzas worth about $ 30 at that time.
• Today’s equivalent price is about $ 5 million.
• For the first 18 months they were worthless. The pizza purchase was the event that set the price of bitcoin at about a third of one penny each.
• Within weeks, they were being bought and sold for 8 cents, representing a price increase of over 1, 000%.

3. Bitcoins to billions

• In 2013 the price of a single bitcoin went from $ 13 to over $ 1, 000 for an increase over 7, 000%.
• At that rate, the owner of one bitcoin today would be a millionaire in two years.
• And would become a billionaire only 18 months after that.

4. Bitcoin is not alone

• Thousands of other digital currencies have since been created once bitcoin became popular.
• Litecoin, peercoin, dogecoin and many more can be purchased on various online exchanges.
• Thousands of people buy altcoins, hoping the bitcoin lighting strikes twice.

One bitcoin warehouse of bitcoin processors out of many throughout the world.

• The current computing power protecting the Bitcoin network is over 6, 000 times more powerful than the top 500 supercomputers of the world combined. And still growing faster.
• Computer power is measured in “petaflops”. One petaflop is equal to one thousand trillion calculations per second.
• Top 500 supercomputers combined can calculate 250 petaflops. (Indicated by the arrow on the graph below).