Bitcoin Halving

Bitcoin is a cryptocurrency that can be used to send or move money all over the world. It's a very useful asset that does not have a standard dollar value; the value of bitcoin can fluctuate depending on market values, the time of year, world events, and other economic factors. If your new to Bitcoin or cryptocurrencies, perhaps it's a good tip to move slowely at first. The way I started was by watching the daily market values of 5-10 cryptocurrencies and alt-coins and how they fluctuate for a few weeks or months before.

Cryptocurrencies like bitcoin are a profound new tool that the world can use together. They can help with smooth transactions, faster service, better ease of access to currencies, strengthening communities, stregthening the enviornment, and protecting our ecosystems. A Beginners Guide To Bitcoin by JLC Are you new to the world of cryptocurrencies? If so, you may be wondering what bitcoin is and how it functions in a highly competitive global economy today? This article is written for those who know little or nothing about bitcoin. With the information provided here you will be empowered with the most fascinating and fundamental aspects of cryptocurrency design, use and infrastructure. This powerful knowledge will allow you to forever understand the greatest revolution that we call cryptocurrencies in the twenty first century. We hope you follow along and enjoy this guide. The History of Bitcoin The design of bitcoin is simple and beautiful, a peer to peer electronic currency system delivered to the world. It requires no permissions, it has no single governing authority, it runs simply on a decentralized network and by this bitcoin is run by the world. The first genesis block of bitcoin was mined by Satoshi Nakamoto on January 3rd, 2009. Stored inside the genesis block was a statement warning of the instability of traditional fractional reserve banking systems. Since then blockchain mining has been continued and adopted by the world. Many innovations created since is almost limitless and includes: initial coin offerings, alt-coin projects, new-blockchain technologies, worldwide speculation, cryptocurrency exchanges and a more recent explosion of related interest. An inquisitive mind might wonder how much of this did Satoshi Nakamoto foresee? Who Is Satoshi Nakamoto Before traveling further lets take a glance at bitcoin’s creator. The person who wrote bitcoins white paper and successfully deployed bitcoins first blockchain is known only by one name, Satoshi Nakamoto. This unknown person or group has seemingly since then vanished into the crowd, leaving behind a legacy of mystery. He is seen as a leader to the countless and faithful around the world, those who can follow Satoshi’s vision and design. The lore behind this mystery and the man will likely live on as most legends do. With his vision, the world has found endless potential in blockchain technologies and they have all developed well beyond initial expectations. Understanding the many uses of blockchain technologies sharpens our worlds perception of the future of electronic currencies and digital archiving solutions. Bitcoin is a creation of one ingenious mind who altered the way we view currencies, write ledgers, and move money and assests electronically. Bitcoin halvings can happen roughly every four years, or more accurately every 210,000 blocks. Every bitcoin halving reduces the amount of bitcoin miners receive per block by about half. When Bitcoin launched in 2009, bitcoin miners recieved about 50 for every block mined. At the first bitcoin halving in 2012 the reward was reduced to 25, in 2016 it was reduced to 12.5, in 2020 it was reduced to 6.25, and in 2024 it was reduced to 3.215.