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Friday, 19 October 2018
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Cryptocurrency Facts You Ought to Know

cryptocurrencyThere’s no turning a blind eye to cryptocurrency these days. It’s no longer the money of the future – the digital cash is very much part of the now and it’s here to stay. The great news for New Zealand online pokies fanatics is that cryptocurrency has very quickly become a preferred method of payment in the world of online casinos.

Cryptocurrency

So, if you’re sitting on a cryptocurrency gold mine and you just so happen to love playing online slots, here are seven fun facts you might want to know about.

  1. A Pizza to Remember

In 2010, a Hungarian programmer by the name of Laszlo Hanyecz became the first person to buy something using bitcoin. The programmer bought two pizzas from American pizzeria, Papa John’s with 10,000 BTC. Today, those pizzas would be worth in the region of $180 million, making them the most expensive pizzas ever.

  1. Nobody Knows Who Invented Bitcoin

We don’t know if it was merely one fantastic soul or a group of talented people. Either way, he/she/they go by the pseudonym Satoshi Nakamoto. Nothing too interesting there. But, did you know that Nakamoto didn’t plan to invent a cryptocurrency? The inventor/s simply created a decentralised cash system. Whoever Nakamoto is, the person or group is/are proud owners of about one million Bitcoins.

  1. Satoshi – It Sounds Great, But You Can’t Eat It

Satoshi is not the latest sushi fad. Rather, it’s the small amounts of bitcoin that you can use as alternative units. Satoshi is the lowest number of bitcoin at one hundred millionth of a bitcoin.

  1. The FBI-Nod of Approval

Remember how, as a kid, you’d watch movies and hear the lines “Open up, it’s the FBI?” These days, you’re more likely to listen to the FBI ask to see your crypto wallet. That’s because the Federal Bureau of Investigation is said to own one of the largest Bitcoin wallets with Bitcoin more than $120 million.

  1. Lost Your Crypto Wallet? Say Goodbye to Your Cryptocurrency

Forgot to write down your private key? Too bad, and oh, so sad. If you can’t get into your crypto wallet, you can’t access your money, and that means you can’t play your favourite online casino games. Luckily, online casinos accept a variety of easy-to-use payment methods for deposits and withdrawals, such as Skrill, Neteller and a range of e-wallets and credit cards.

  1. Speaking of Wallets – There Are Millions

While we can’t say for sure how many crypto wallets are floating around the World Wide Web, it’s estimated that there are up to 12 million active wallets.

  1. We’re Not Heading to Infinity or Beyond

Bitcoin has a finite number. There will be no more than 21 million units made available. The last Bitcoin is expected to be mined by 2140 and that will be that.

These are pretty cool cryptocurrency facts. Luckily, if you’ve not jumped on the crypto-wagon just yet, you can continue enjoying all the best online casino games and slots by using your bank cards, e-wallets, or for some casinos, wire transfer.