Bitcoin Halving is coming! 72 hours to go!

In the last few weeks you have probably seen headlines like this one above. But what exactly Bitcoin halving is?

Let’s start with a dictionary definition. According to the Cambridge Dictionary: „halve” – to divide something into two equal parts. Easy.

In three days there will be the second in the history of Bitcoin decline in awards for the block. This is due to the way of the distribution of Bitcoins. At first prize for the block was 50 BTC, now 25 BTC and after halving, it will fall to 12.5 BTC.

bitcoin_halving_production_graph

What does it mean for Bitcoin course?

Currently, every day 3600 new bitcoins are generated. Every new mined bitcoin automatically reduces the value of ones which are already in the circuit. It’s similar to the flat money. If you print more dollars, you will reduce the value of it. However, in Bitcoin it’s a way for fair distribution. New bitcoins are in the hands of miners, which confirmed all transaction in the Bitcoin network. This inflation decreases gradually and it’s all written in algorithm, which will transform it into deflation.

After a decline of prizes, inflation and supply will fall by half, assuming that the popularity of Bitcoin does not reduce, it must contribute to growth of the Bitcoin course in long – term.

bitcoin_halving_cover_image

The post Bitcoin Halving is coming! 72 hours to go! appeared first on Bitcoin Garden.

Komentar

Posting Komentar

Postingan populer dari blog ini

Blockchain Supply Chain Forum will be held on January 10th in Hong Kong

Gambar
The concept of a blockchain – a distributed, tamper-proof and time-stamped database of transactions that can be managed without intermediaries – is highly attractive in the supply chain domain, and the industry has launched a number of proof-of-concept initiatives. However, awareness of how blockchains work and what they can accomplish for supply chain is still relatively low. The lack of knowledge is exacerbated by the fast pace at which the technology is evolving. A success Blockchain Supply Chain Forum was held on October 24th in Shanghai, professional blockchain organizer EventLinker and Global Supply Chain Council will organize the Blockchain Supply Chain Forum on January 10th in Hong Kong, it is the forum connecting blockchain experts, supply chain and logistics decision makers and tech innovators. This intimate gathering will explore how companies are investigating the use and deployment of the technology to help their supply chains in China. Organizer: EventLinker EventLin
Baca selengkapnya

Transformation of education in post-industrial society

Gambar
Education has always been an expensive privilege; and the education sector has always been one of the most conservative. People chose profession once in their life and did not change it until retirement. Usually education meant studying at a university; self-taught people were rare. However, in the post-industrial society changes in the shape, sense and affordability of education finally began. According to Alvin Toffler, a well-known US sociologist, the emergence of the post-industrial society is a consequence of the intellectual revolution. The possession of knowledge and information will replace financial capital as the biggest value. Development of innovations, empowered by the most educated, will become the most important sector of economy. It means that high-quality affordable education will become even more important than now. The last time when the global education experienced a serious transformation was at the very beginning of the 21st century when the wide access to the I
Baca selengkapnya

After GDPR effect? In A Post Cookie World, Blockchain Is Rising

Gambar
The European General Data Protection Regulation (GDPR) was rolled out in May this year. It introduced far-reaching implications for companies which process personal data related to EU citizens. Even those far outside the EU could not fail to notice this change. Email inboxes were overflowing with opt-out reminders. Cookie banners now obscure many websites, forcing users to agree to a privacy policy so that they can browse the content on the site. Although the GDPR document itself clocks in at 88 pages, the majority of what it covers can be summed up in one word — consent. If companies are processing personal data, it must be done with the explicit, informed consent of the individual. For some forms of marketing, such as email subscriber lists, this involved minimal changes. Individuals already have to take the active step of providing their email addresses, and usually it is pretty clear why they are asked to do so. However, for the digital advertising industry, consent is far less
Baca selengkapnya