A Simple Approach To Bitcoin Halving
Hello Guys,
In the cryptoworld, Bitcoin is the first digital currency that came into existence. After that so many digital currencies has been implemented based on blockchain.
For every four years, the rewards that miners of bitcoin are going to be cut into half. These process is called "Halving". These can be presumably happening on May 25, 2020.
Miners approach to halving
The present reward is 12.5 coins and with halving it's gonna be slice into half like 6.25 coins. Miners will get loss due to this halving and will shutdown their activities. Some think that this will bring dooms to the bitcoin. Stopping mining will be lead to slow transactions confirmation and slow confirmation leads to price drop. Some think that there will be some miner decrease in the hash rate of bitcoin worldwide because of halving.
Previous halving had done on September 7th, 2016. At that time bitcoin price is below $15 and didn't seem to have no major fluctuations in the price atleast for some time.
Source of the article.
https://www.btcwires.com/round-the-block/what-is-bitcoin-halving/
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