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·       The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, was unveiled in Budapest, Hungary.

·       It is displayed in Budapest's Graphishop Park.

·       The unveiling ceremony saw the presence of Andras Gyorfi, the co-founder of the "Statue of Satoshi" project and editor of crypto news site Kripto Akademia, and Debreczeni Barnabas, CEO of Hungarian crypto exchange Shinrai.

Important facts

About Bitcoin (BITCOIN)

v Bitcoin is a decentralized digital currency, without a central bank or single administrator that can be sent from user to user without the need for intermediaries on the peer-to-peer bitcoin network.

v All bitcoin transactions are verified by a huge amount of computing power through a process called "Mining".

v Bitcoin is not issued or backed by any bank or government, nor is it valued as a personal commodity.