Thursday, December 14, 2017

Bitcoin Slumps to $9000 from $11,000
bitcoins

Economic Times sheds light on the recent Bitcoin trends - current exchange rates, market fluctuations, then follows up with facts about Bitcoin.

tl;dr version 

  • Smallest unit of Bitcoin is called a Satoshi, after the supposed creator who remains elusive.
  • They are massive energy drains.
  • Only a limited number of Bitcoins are in circulation - 21 million.
  • Bitcoins worth 10 billion dollars have been stolen from exchanges via hacking and fraud so far.
  • Their total value is capped at $190 billion.
  • More than a 1000 other crypto currencies are in circulation besides Bitcoin. 
Image source - Coin Gecko
Word Count - 91

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