Bitcoin halving 2020 - Wazup Naija

Bitcoin is Part of Mainstream Finance, says deVere CEO

wazup May 12, 2020 Comments Closed 51 views

Sourced from Ethereum World News. Bitcoin’s historic halving event on Monday underscores that the “long-term future of cryptocurrencies is secure”, says the CEO and founder of one of the world’s largest independent financial advisory organisations. The comments from deVere Group’s Nigel Green come as the world’s supply of Bitcoin was forever slashed. The highly anticipated halving event, occurring only every four years, means that less and less Bitcoin – which is limited to 21 million units – will now be mined. Monday’s was only the third ever halving. In 2012, the number of new Bitcoins issued every 10 minutes fell from 50 to 25. In 2016, it went down from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. Nigel Green says that the “Bitcoin halving event has demonstrate...

Politics

What to Expect from the 2020 Bitcoin Halving

wazup May 11, 2020 Comments Closed 45 views

The Bitcoin halving is a planned reduction in rewards miners receive. Halvings happen once every four years or so. And the next one will take place in the early hours of Tuesday, 12 May 2020. What exactly is a halving and why does it happen? Bitcoin is generated by miners. They have computers performing complex calculations which validate the transactions on a public digital ledger, called the blockchain. The miners compete with each other to earn newly-issued tokens known as a block reward. A halving is a 50% reduction in the value of rewards to Bitcoin miners. There is a finite number of Bitcoin that will ever be in circulation (21 million) and there is no way of producing more. Halvings are a unique protocol which controls the supply of Bitcoin. /* custom css */ .tdi_3_98b.td-a-rec-img{...