What is a Blockchain Halving: Bitcoin & More

  • What is a Blockchain Halving: Bitcoin & More

    The bitcoin halving is upon us, and at block 630,000 (approximately May 12, 2020) the bitcoin “subsidy” or “reward” for verifying transactions with newly created coins will drop from 12.5 BTC to 6.25 BTC per block. In this blog, we review the bitcoin halving, how it works, and how halving works for Qtum.

    First though, why is there a halving? Miner incentives and token economics are beyond the scope of this article, but we can surmise that Satoshi wanted to give higher block rewards to attract early miners (now everyone would mine bitcoin if they could) and did not want to create an inflationary asset with a supply that grows forever.

    Read more https://blog.qtum.org/what-is-a-blockchain-halving-bitcoin-more-a6cfa9427df8

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