4 Unknown Facts About Bitcoin Since the euphoric year-end of the cryptocurrency market in 2017, everyone has probably already heard about Bitcoin by now Thus, everyone has a vague idea of what Bitcoin is

The most experienced crypto investors have the impression that they know everything about Bitcoin In a sense, this is true since their knowledge already places them above 95% of the rest of the world’s population Nevertheless, there are a number of unknown facts about Bitcoin that even some experienced crypto investors are not aware of I suggest that you watch until the end of this video to learn about these 4 less known facts about bitcoin 1 A Bug Created 184 Million BTC In 2010 Newcomers to the world of cryptocurrency probably don’t know it, but on August 15, 2010, a bug in the Bitcoin Blockchain created more than 184 million BTCs! Known as the “Value overflow incident”, this bug concerned block 74638 of the Bitcoin Blockchain Within it, a transaction was present creating 184,467,440,440,737

09551616 BTC for 3 different addresses Thus, 2 addresses each received 922 million BTCs while the miner solving the puzzle related to the block was rewarded with 001 BTCs that did not exist before the transaction This bug was made possible by the fact that the code used by the Bitcoin Blockchain to verify transactions before including them in a block did not take into account the case of amounts so large that they exceeded the limit of the number of Bitcoins once summed

A new corrective version of the Bitcoin Blockchain was released by Satoshi Nakamoto and another developer just 5 hours after the bug was discovered The Blockchain then had to be forkted to reject the offending block While several unpatched nodes continued to add blocks to the wrong version of the Blockchain, the right version of the Bitcoin Blockchain took over from Block 74691 From this block, all nodes accepted the fixed version of the Bitcoin Blockchain as the authentic version for the transaction history As a result, block 74638 no longer exists for users using the longest chain of blocks as a reference

2 The Maximum Circulating Supply of Bitcoin Is Not 21 Million Most people assume that there will be a maximum circulating supply of 21 million Bitcoins However, the maximum circulating supply of Bitcoins is not really 21 million In reality, this number is a little lower at 20,999,9874769 BTC

This is due to the reward mechanism for mined blocks developed by Satoshi Nakamoto but also to the mining errors that have sometimes cancelled the creation of new Bitcoin units 3 There Is A Smaller Unit Of BTC Than A Satoshi Many people think that Satoshi is the smallest unit of measure in Bitcoins Thus, 1 Satoshi is equal to 000000001 BTC

However, there is actually an even smaller BTC unit that is already being used within the Lightning Network implementation currently being deployed on the Bitcoin Blockchain This is the Millisatoshi (MSAT) which represents one thousandth of Satoshi We therefore have the following equalities: 1 SAT = 1000 MSAT 1 SAT = 000000001 BTC 1 MSAT = 000000000001 BTC 4

The First Bitcoin Faucet Distributed 5 BTCs Per Visitor Bitcoin Faucets are well known to crypto investors wishing to obtain portions of Bitcoins for free Indeed, these are sites that distribute small portions of Bitcoins free of charge to visitors at a given time interval Today, the amount distributed is in the order of Satoshi So it’s very little However, this has not always been the case

Thus, the first Bitcoin Faucet created in June 2010 by Gavin Andersen distributed 5 BTCs to each visitor! The aim was to promote the adoption and use of Bitcoin If you had benefited from such an initiative at the time, these 5 BTCs would give you more than $50,000 today! And probably more in a few years… Thank you for watching If you enjoyed this video and would like to see some more then i'd appreciate it if you pressed that subscribe button and hit the notification bell See you on the next one