10 Bite-Size Facts About Cryptocurrency

Here at trade.io we love what we do and we’re always excited to spread the knowledge about cryptocurrencies (if you haven’t signed up to acquire our digital coin TIO, do it here), latest news and updates.

Today we’re happy to present to our dear readers the 10 lesser known facts about cryptocurrency.

Pay Your College Degree with Bitcoins

If you think of the modern education facilities as an establishment of traditional rules and regulations, think again, as some of world-famous universities are adapting to the new world faster than you think.

Got plenty of Bitcoins? Use them to pay for your tuition fees in:

- King’s College in New York City
- University of Cumbria in the United Kingdom

- University of Nicosia, in Cyprus

10,000 BTC for a Pizza

The first ever recorded purchase using Bitcoin was made to buy a pizza in 2009. At that time, 10,000 Bitcoins were equal to $25, the price of the pizza.

First Crypto ATM

The first Bitcoin ATM was installed in Vancouver.

Bitcoin’s Mysterious Founder

Satoshi Nakamoto is a pseudonym of the Bitcoin creator/creators. Up until this day the founder’s real identity remain anonymous.

No Chargebacks

Refunds are not possible on cryptocurrency transactions.

Into Space with Bitcoins

Virgin Galactic, a spaceflight company within the Virgin Group accepts Bitcoins.

Crypto Boulevard

Travelling around? Don’t miss out on visiting the emerging Bitcoin districts — or Bitcoin boulevards — that have started sprouting in European cities, including Hague, Berlin and Paris. For those of you who are on the other side of the Atlantic, check out the North-American Bitcoin Boulevard located in Cleveland Heights, Ohio.

84 Million Litecoins Can Be Mined (4x the total number of BTC)

As of today, there are over 53 million Litecoins, which have already exceeded the total amount of all the Bitcoins to ever exist (21 million, to be precise).

Ethereum is an Open-Source Platform

The Ethereum platform is an open-source platform, meaning any developer can work on it and use decentralized applications that run on blockchain technology. Thus, unlike Bitcoin protocol, Ethereum is more adaptable and flexible

How Ethereum Got Its Name

The name Ethereum was not chosen from the World of Warcraft game as many have speculated. Vitalik Buterin, a co-founder of Ethereum, was looking through a list of Science Fiction elements on Wikipedia. He liked the fact that it had the word “ether” in it. According to one of the definitions provided by the Merriam-Webster dictionary is “a medium that in the wave theory of light permeates all space and transmits transverse waves