{"id":5010,"date":"2021-10-06T17:19:36","date_gmt":"2021-10-06T11:49:36","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=5010"},"modified":"2021-10-06T17:19:38","modified_gmt":"2021-10-06T11:49:38","slug":"10-interesting-facts-about-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/","title":{"rendered":"10 Interesting Facts About Cryptocurrencies"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.tickertape.in\/blog\/cryptocurrencies-vs-mutual-funds\/\">Cryptocurrencies<\/a> are all the rage these days. While Bitcoin is a very popular one, did you know there are other <a href=\"https:\/\/www.tickertape.in\/blog\/top-cryptocurrencies-to-invest\/\">cryptocurrencies<\/a> named after the famous internet dog and Kanye West? Without wasting any time, let\u2019s dive into the top 10 fascinating facts about the new hyped cryptocurrencies of the world.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-1-The-worldwide-cryptocurrencies-surge\" title=\"Fact 1: The worldwide cryptocurrencies surge\">Fact 1: The worldwide cryptocurrencies surge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-2-Anybody-can-create-a-crypto\" title=\"Fact 2: Anybody can create a crypto\">Fact 2: Anybody can create a crypto<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-3-Names-as-bizarre-as-they-can-get\" title=\"Fact 3: Names as bizarre as they can get\">Fact 3: Names as bizarre as they can get<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-4-The-mammoth-market-capitalization\" title=\"Fact 4: The mammoth market capitalization\">Fact 4: The mammoth market capitalization<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-5-The-largest-ICO-in-history\" title=\"Fact 5: The largest ICO in history\">Fact 5: The largest ICO in history<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-6-Love-hate-relationship-of-cryptos-and-countries\" title=\"Fact 6: Love-hate relationship of cryptos and countries\">Fact 6: Love-hate relationship of cryptos and countries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-7-The-mysterious-creator-of-Bitcoin\" title=\"Fact 7:&nbsp; The mysterious creator of Bitcoin\">Fact 7:&nbsp; The mysterious creator of Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-8-A-pizza-worth-a-few-thousand-crores\" title=\"Fact 8: A pizza worth a few thousand crores\">Fact 8: A pizza worth a few thousand crores<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-9-Worst-crypto-wallet-fail%E2%80%A6-EVER\" title=\"Fact 9: Worst crypto wallet fail\u2026 EVER!\">Fact 9: Worst crypto wallet fail\u2026 EVER!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/10-interesting-facts-about-cryptocurrencies\/#Fact-10-The-slangs-of-cryptos\" title=\"Fact 10: The slangs of cryptos\">Fact 10: The slangs of cryptos<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-1-The-worldwide-cryptocurrencies-surge\"><\/span><strong>Fact 1: The worldwide cryptocurrencies surge<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You might have heard about Bitcoin, Etherium, and Binance coin but there were more than 4,000 cryptocurrencies as of January 2021. And this number is increasing at a crazy pace every day. There are new altcoins created each day and the sad reality is that many of them won\u2019t make it past a few months.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-2-Anybody-can-create-a-crypto\"><\/span><strong>Fact 2: Anybody can create a crypto<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Just like anybody can dance, anybody can create cryptocurrencies. Any Raju, Shyam or Baburao can create their own coin or token. But, there is a difference. While a new coin requires a new blockchain to be created, a new token can be created on an existing blockchain like Ethereum.<\/p>\n\n\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2F10-interesting-facts-about-cryptocurrencies%2F&#038;text=What%20do%20you%20think%20Baburao%E2%80%99s%20crypto%20would%20be%20called%3F&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank'rel=\"noopener noreferrer\">What do you think Baburao\u2019s crypto would be called? <\/a><\/span><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2F10-interesting-facts-about-cryptocurrencies%2F&#038;text=What%20do%20you%20think%20Baburao%E2%80%99s%20crypto%20would%20be%20called%3F&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank' class='bctt-ctt-btn'rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-3-Names-as-bizarre-as-they-can-get\"><\/span><strong>Fact 3: Names as bizarre as they can get<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Since anyone can create crypto, there are bizarrely named cryptocurrencies in circulation. Some of them are cryptos named Vodka Coin, Jesus Coin, and Cabbage. There is also Dogecoin, after the famous meme dog where Elon Mush has invested on behalf of his child X \u00c6 A-XII. Well, talk about having weird names.<\/p>\n\n\n\n<p>Also, there are coins called Putincoin, Garlic C and what not! The crypto based on Kanye West, which we mentioned in the start of the video, is called Coinye.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-4-The-mammoth-market-capitalization\"><\/span><strong>Fact 4: The mammoth market capitalization<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The market cap of the total cryptocurrencies is around $ 1.5 tn. To put this into context, only 12 countries in the world have a GDP that is more than 1.5 tn dollars as per the World Bank data.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-5-The-largest-ICO-in-history\"><\/span><strong>Fact 5: The largest ICO in history<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An initial coin offering (ICO) is the cryptocurrency industry\u2019s equivalent to an initial public offering (<a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a>). A company looking to raise money to create a new coin, app, or service launches an ICO as a way to raise funds.<\/p>\n\n\n\n<p>EOS, a blockchain-based service, is the largest ICO that raised a whopping $ 4.1 bn over the course of a year-long ICO that closed in June 2018.<\/p>\n\n\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2F10-interesting-facts-about-cryptocurrencies%2F&#038;text=An%20initial%20coin%20offering%20%28ICO%29%20is%20the%20cryptocurrency%20industry%E2%80%99s%20equivalent%20to%20an%20initial%20public%20offering%20IPO.%20EOS%2C%20a%20blockchain-based%20service%2C%20is%20the%20largest%20ICO%20that%20raised%20a%20whopping%20%24%204.1%20bn%20over%20the%20course%20of%20a%20year-long%20ICO&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank'rel=\"noopener noreferrer\">An initial coin offering (ICO) is the cryptocurrency industry\u2019s equivalent to an initial public offering IPO. EOS, a blockchain-based service, is the largest ICO that raised a whopping $ 4.1 bn over the course of a year-long ICO <\/a><\/span><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2F10-interesting-facts-about-cryptocurrencies%2F&#038;text=An%20initial%20coin%20offering%20%28ICO%29%20is%20the%20cryptocurrency%20industry%E2%80%99s%20equivalent%20to%20an%20initial%20public%20offering%20IPO.%20EOS%2C%20a%20blockchain-based%20service%2C%20is%20the%20largest%20ICO%20that%20raised%20a%20whopping%20%24%204.1%20bn%20over%20the%20course%20of%20a%20year-long%20ICO&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank' class='bctt-ctt-btn'rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span>\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Cryptocurrencies I 10 Fascinating Facts I Rise of Cryptocurrencies I Bitcoin, Ethereum, Dogecoin\" width=\"770\" height=\"433\" src=\"https:\/\/www.youtube.com\/embed\/b2Iv5Ldd70Q?start=2&#038;feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-6-Love-hate-relationship-of-cryptos-and-countries\"><\/span><strong>Fact 6: Love-hate relationship of cryptos and countries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>People and governments take time to embrace new and innovative technologies. With that in mind, the laws around cryptocurrency vary from country to country and are quite grey, to be honest. In some places, they are legal to trade, in a couple of others, they are legal but have banking bans and in a few others, they are legal to use but are illegal as a payment tool.<br><br>There are 6 countries in the world where cryptocurrencies are totally illegal and are absolutely banned. These are Algeria, Egypt, Bolivia, Morocco, Nepal and Cambodia.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-7-The-mysterious-creator-of-Bitcoin\"><\/span><strong>Fact 7:&nbsp; The mysterious creator of Bitcoin<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The creator of Bitcoin is still a mystery to the world. All we know is that there is a group of people or individuals under the name Satoshi Nakamoto who wrote the whitepaper on the working of bitcoin.<\/p>\n\n\n\n<p>Some people even say that the coin was created by four companies \u2013 <strong>Sa<\/strong>msung, <strong>Toshi<\/strong>ba, <strong>Naka<\/strong>michi, <strong>Moto<\/strong>rola \u2013 in collaboration and that\u2019s how the name came into the picture.<\/p>\n\n\n\n<p>Let\u2019s see if the real creator ever comes out in the public.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-8-A-pizza-worth-a-few-thousand-crores\"><\/span><strong>Fact 8: A pizza worth a few thousand crores<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On 22 May 2010, a bitcoin developer named Laszlo ordered two pizzas from Papa John and paid them in Bitcoins. This is said to be the first commercial transaction of Bitcoins and any guesses as to how much he paid for the pizzas?<\/p>\n\n\n\n<p>The value of those 2 pizzas now will be around Rs. 3,500 cr. Insane isn\u2019t it?<\/p>\n\n\n\n<p>And by the way, 22 May is now celebrated as Bitcoin Pizza Day. So mark your calendars and don\u2019t pay for pizza by Bitcoinsssss!<\/p>\n\n\n<span class='bctt-click-to-tweet'><span class='bctt-ctt-text'><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2F10-interesting-facts-about-cryptocurrencies%2F&#038;text=22%20May%20is%20celebrated%20as%20Bitcoin%20Pizza%20Day%21%20On%20this%20day%20in%202010%2C%20bitcoin%20developer%20Laszlo%20had%20paid%20for%20two%20pizzas%20from%20Papa%20John%20in%20Bitcoins.%20This%20is%20said%20to%20be%20the%20first%20commercial%20transaction%20of%20Bitcoins&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank'rel=\"noopener noreferrer\">22 May is celebrated as Bitcoin Pizza Day! On this day in 2010, bitcoin developer Laszlo had paid for two pizzas from Papa John in Bitcoins. This is said to be the first commercial transaction of Bitcoins <\/a><\/span><a href='https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fwww.tickertape.in%2Fblog%2F10-interesting-facts-about-cryptocurrencies%2F&#038;text=22%20May%20is%20celebrated%20as%20Bitcoin%20Pizza%20Day%21%20On%20this%20day%20in%202010%2C%20bitcoin%20developer%20Laszlo%20had%20paid%20for%20two%20pizzas%20from%20Papa%20John%20in%20Bitcoins.%20This%20is%20said%20to%20be%20the%20first%20commercial%20transaction%20of%20Bitcoins&#038;via=TickertapeIN&#038;related=TickertapeIN' target='_blank' class='bctt-ctt-btn'rel=\"noopener noreferrer\">Click To Tweet<\/a><\/span>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-9-Worst-crypto-wallet-fail%E2%80%A6-EVER\"><\/span><strong>Fact 9: Worst crypto wallet fail\u2026 EVER!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>James Howells of Newport, Wales accidentally threw away a hard drive containing 7,500 Bitcoins worth around a mind-blowing 2,500 cr. He has been desperately trying to get it back and even offered a 25% cut which is around 625 cr to city authorities to let him dig up the landfill site. The authorities have declined his offer claiming it will have a huge environmental impact on the surrounding area. What an epic fail for James!<\/p>\n\n\n\n<p>Lesson to learn: Keep your bitcoins wallet, hard disks and passwords safe. There are no forget password options here.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-10-The-slangs-of-cryptos\"><\/span><strong>Fact 10: The slangs of cryptos<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One of the most common slang terms used in the cryptocurrency community is \u201cTO THE MOON\u201d, which basically just refers to the moment where we all get rich, if that ever happens.&nbsp; Another most common slang term used is \u201cHODL\u201d which is a misspelling of the word \u201cHold\u201d and it stands for \u201cHold On For Dear Life.\u201d<\/p>\n\n\n\n<p>Both of these slangs are what they sound like &#8211; the strategy to get as many coins as possible at cheap prices and hold them for a long time hoping it will get as valuable as Bitcoin is today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An initial coin offering (ICO) is the cryptocurrency industry\u2019s equivalent to an initial public offering IPO. EOS, a blockchain-based service, is the largest ICO that raised a whopping $ 4.1 bn over the course of a year-long ICO.<\/p>\n","protected":false},"author":27,"featured_media":5016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[8,1762],"tags":[854,853],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/10\/Crypto-Facts-series.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/5010"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=5010"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/5010\/revisions"}],"predecessor-version":[{"id":5018,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/5010\/revisions\/5018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/5016"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=5010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=5010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=5010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}