On Dec. 6, 2021, the world’s first community-based crypto platform and marketplace, Earnity, partnered with Bitcoin mining company BitNile, closing $15 million in stock offerings. Earnity executives Dan Schatt and Domenic Carosa expressed excitement for the venture as it leads to developing a crypto platform where users can earn, collect, learn about, and gift tokens.
The blockchain industry has come a long way since the emergence of Bitcoin, the original cryptocurrency, beginning in 2009. Even though it has been more than ten years since Bitcoin was developed, some facts about the decentralized currency still exist that many people might not be aware of.
Bitcoin Pizza Day
Bitcoin can be used for many types of payments and transactions nowadays. But did you know that the first-ever items that Bitcoin was used to pay or trade for were two pizza boxes? On May 22, 2010, Laszlo Hanyecz had little money left, although he did have some Bitcoin, whose value was just $0.0025 then.
After posting on a Bitcoin community looking to exchange 10,000 BTC for two pizzas, a student bit the offer, ordered the food, sent it to his house, and got the 10,000 BTC. Each year, the day is commemorated with what is now called Bitcoin Pizza Day.
Bitcoin has a Limited Supply
There will only be a little less than 21 million Bitcoins ever. That limit is written in the token’s code or DNA. The maximum amount was intended to be 21 million, but mining errors have permanently canceled the creation of nearly 10,000 coins.
Currently, 18.9 million Bitcoins are already in circulation. However, no one alive now will live long enough to see the last of it being mined because the remaining tokens will take around 120 years to manufacture.
At Least 436 Altcoins are Derived from Bitcoin
Bitcoin has inspired the successful development and implementation of numerous cryptocurrencies. It is estimated that there are more than 15,000 types of coins in the market, and 436 of them are known to be directly or indirectly forked from Bitcoin. That number is figured to be much higher today, but the website counting it stopped in 2017.
The Earnity platform, created in part by Dan Schatt and Domenic Carosa, is designed to be a marketplace where users can freely share knowledge and insight. Learning about cryptocurrency will be made simpler to help people partake in blockchain technology’s benefits.