Bitcoin Surpasses $100,000. Are New Highs Coming?
{getToc} $title={Table of Contents}
Entrance
In our article titled What is Bitcoin(BTC)? How and Where to Buy? on our Referral Brotherhood platform, we wrote, "Around April 16-17, 2024, the Bitcoin block reward, which is 6.25 BTC per block, will be reduced to 3.125 BTC per block. This event is a sign of victory and further appreciation for Bitcoin. Major changes may occur in the market." According to Tradingview data, it passed $100,000 on December 5, 2024 at 05:38 (GMT+3).
Where Did Bitcoin Come From?
After the 2008 crisis, a person or persons named Satoshi NAKAMOTO published technical articles on Bitcoin, a peer-to-peer electronic payment system. Thus, Bitcoin emerged as a decentralized, third-party cryptocurrency protected against intervention. It entered use as a public network in 2009. Afterwards, Bitcoin was called the "1st generation Blockchain" as the first successful cryptocurrency.
What is Bitcoin?
Bitcoin is a creative payment network and a new currency. Bitcoin is a system that works without a central authority or bank using peer-to-peer technology. The management of transactions and the distribution of bitcoins are collectively managed by the network. Bitcoin is open source; its design is public, no one owns or controls Bitcoin, everyone can participate. Thanks to its many unique features, Bitcoin can handle very different payments that cannot be made with other payment methods.
What Happens Next?
The maximum amount of Bitcoin that can be produced on the Bitcoin Blockchain platform is 21 million. An event called Bitcoin halving occurs every 4 years. Halving refers to a process that reduces the issuance rate of coins in Bitcoin. In other words, Bitcoin halving is the periodic reduction of block rewards provided to miners. This process ensures that the Bitcoin supply continues until its maximum supply is reached. Halving has become one of the basic elements of the Bitcoin economic model, as they guarantee that Bitcoin will be released to the market at a constant speed and will show a predictable decrease rate.
To access free events on the Binance TR website you can click here. {alertSuccess}
To Support the Referral Brotherhood Platform Register on Binance Exchange with the Referral Code GTKTSIOD {alertSuccess}
Note: "All content on this website is copyrighted."