Current location:International Iterations news portal > world
Bitcoin halving: Everything you need to know
International Iterations news portal2024-04-20 05:05:23【world】0People have gathered around
IntroductionNEW YORK (AP) — Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of
NEW YORK (AP) — Sometime in the next few days or even hours, the “miners” who chisel bitcoins out of complex mathematics are going to take a 50% pay cut — effectively slicing new production of the world’s largest cryptocurrency in half.
That could have a lot of implications, from the price of the asset to the bitcoin miners themselves. And, as with everything in the volatile cryptoverse, the future is hard to predict.
Here’s what you need to know.
WHAT IS BITCOIN HALVING AND WHY DOES IT MATTER?
Bitcoin “halving,” a preprogrammed event that occurs roughly every four years, impacts the production of bitcoin. Miners use farms of noisy, specialized computers to solve convoluted math puzzles; and when they complete one, they get a fixed number of bitcoins as a reward.
Halving does exactly what it sounds like — it cuts that fixed income in half. And when the mining reward falls, so does the number of new bitcoins entering the market. That means the supply of coins available to satisfy demand grows more slowly.
Address of this article:http://www.videocameralive.com/multi-camera-live-streaming-for-beginners-with-yolobox/
Very good!(43)
Related articles
- Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck
- Eurozone inflation further cools in March
- S. Korea's opposition bloc wins three
- Chang'e 6 to carry foreign science payloads
- Taylor Swift leaves QR codes with secret meanings in Sydney and Melbourne ahead of the much
- China sees steady progress in diagnosis, treatment system: health official
- China to build pilot zones for special needs education reform
- Hong Kong defends new security law
- Has Salman Rushdie changed after his stabbing? Well, he feels about 25, the author tells AP
- Hong Kong defends new security law
Popular articles
Recommended
Beijing Half Marathon champion has medal taken away after other runners slowed down to let him win
Chinese border region not affected by radiation source in Russian city: Authorities
2024 Kearney FDI confidence index upgrades China's ranking from 7th to 3rd
Hamas says UNSC resolution demanding Gaza truce shows Israel's isolation
Start of Sen. Bob Menendez's bribery trial is delayed a week to mid
Russia says proof show link between Moscow attack terrorists, Ukraine
China launches campaign to boost grain output
China's Qinghai sees significant growth in green coverage in 2023
Links
- Nanjing Railway Station experienced a small peak of passenger flow in weekend
- Commentary: Message of peace for cross
- Disturbing rise in teenage boys demanding rough sex and choking girls as young as 12
- How APEC meetings turn out is a test for the US
- Revealed: The great town hall betrayal. Humza made big promises
- Commentary: Washington abusing national security concept leads to insecurity for all
- Golden Week stress test for popular destinations
- BRI a path of happiness benefiting world
- Commentary: Working together for enduring China
- President's trip paves way for more outcomes