Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Interesting facts about crypto that not everybody knows

Cryptocurrency May 08, 2022 04:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Interesting facts about crypto that not everybody knows

The rapid expansion of the crypto sector has led to its growing popularity and attracted a multitude of new investors. However, many crypto newbies never bother to know anything but the top 10 coins. Learning more about the crypto industry might not be the most fascinating or entertaining thing to do, so here are some surprising facts about cryptocurrencies that you most likely have not heard before.

1. The concept of crypto can be traced back to the 1980s.

Surprisingly for many, life in crypto started way before the creation of Bitcoin. David Chaum, an American IT professional, developed the notion of peer-to-peer digital money that could not be monitored in 1983. He published his hypothesis regarding encrypted digital cash in a scholarly journal the same year and also created his firm Digicash in 1989.

2. HODL was born unintentionally.

One of the most unusual Bitcoin jargon words is HODL. It was created by a Bitcoin fan in response to the mockery of so-called crypto experts, for refusing to sell his coins. “I AM HODLING,” was his message on the forum. Although this was an obvious misspelling, it quickly became popular. Hodling is now a prevalent method in cryptocurrency trading all around the world. The original typo is also known as an abbreviation meaning “hang on for dear life.”

3. There are over 2000 dead coins.

Many cryptocurrency initiatives have failed in barely over a decade. One of the websites recording dead coins, Coinopsy, displayed 2406 deceased cryptocurrencies at the time of writing this article.

But what are these “dead coins”?

These are crypto projects that have been abandoned, have no nodes, have ceased development, have proven to be frauds, have minimal traffic, or whose website is unavailable.

4. One man wants to dig up a landfill to rescue his digital wallet.

In 2013, a Welshman named James Howells threw away a hard drive holding 7,500 Bitcoins. He went in pursuit of the drive after realising how much Bitcoin’s value had climbed in previous years. He is now seeking to persuade his municipal council to permit him to excavate the waste, to find the drive. He claims to be offering a share of the revenues in exchange for the city authorising him to dig through the rubbish.

5. You don’t need to search through rubbish to become rich with Calyx Token (CLX).

While it is no secret that previous presales have made many crypto investors millionaires, many crypto newbies are unaware of presale tokens and the endless possibilities for exceptional profits they can bring.

There are several reasons why presale tokens are attracting more and more attention. Lower presale prices make it more affordable for many investors with smaller budgets. Presales coins are also regarded as more secure because their value cannot decline. This allows for a greater possibility of high returns. Currently offered in presale, Calyx Token (CLX) is expected to explode once its presale ends, so investing early might be a great idea.

Calyx Token is being created and developed to enable multi-chain cryptocurrency trading. The platform intends to evolve into a completely community-driven network, that will enable users to trade at the cheapest prices by sourcing liquidity from various liquidity sources. Utilising CalyxSwap, CLX tokens will be traded promptly in a single transaction, and users will get the exchanged tokens immediately.

Find out more information on Calyx Token Telegram, Instagram or Twitter (NYSE:TWTR). You can also find more about presale here.

Continue reading on DailyCoin

Interesting facts about crypto that not everybody knows

Related Articles

EU agrees rules to tame 'Wild West' crypto market
EU agrees rules to tame 'Wild West' crypto market By Reuters - Jun 30, 2022 2

By Huw Jones LONDON (Reuters -The European Union has agreed on ground-breaking rules for regulating crypto assets, EU lawmakers said on Thursday, as the rout in bitcoin piles...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
محمد العنزي
محمد العنزي May 08, 2022 6:02AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email