(Mar 26, 2021) Bitcoin is a form of digital money that powers the first “peer-to-peer payment network that is powered by its users with no central authority or middlemen”. Bitcoin is awarded for mining, or discovering blocks. Bitcoin is built on a blockchain, a public ledger that allows everyone to transact on it without centralized authority. It does this by rewarding miners a fee in Bitcoin for operating and maintaining the network. The current incentive structure dictates that the amount of bitcoin that is mined will half every year and the total amount of Bitcoin that exists in the world will reach 21 million max supply. By the year 2140, all of the Bitcoin in existence will be already mined. (
What is the Fair Value of a Bitcoin?
What is the Fair Value of a Bitcoin?
What is the Fair Value of a Bitcoin?
(Mar 26, 2021) Bitcoin is a form of digital money that powers the first “peer-to-peer payment network that is powered by its users with no central authority or middlemen”. Bitcoin is awarded for mining, or discovering blocks. Bitcoin is built on a blockchain, a public ledger that allows everyone to transact on it without centralized authority. It does this by rewarding miners a fee in Bitcoin for operating and maintaining the network. The current incentive structure dictates that the amount of bitcoin that is mined will half every year and the total amount of Bitcoin that exists in the world will reach 21 million max supply. By the year 2140, all of the Bitcoin in existence will be already mined. (