Bitcoin, the first and most well-known cryptocurrency, operates on a unique monetary policy distinct from traditional fiat currencies. Central to this policy is the concept of halving, an event that significantly impacts Bitcoin’s production rate and overall economy. 1. Understanding Bitcoin Mining and Daily Production Bitcoin mining involves solving complex mathematical puzzles to validate transactions and secure the network. Miners are rewarded with new Bitcoins for their efforts. This process… Read More »Daily Bitcoin production & impact of halvings
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At its core, a set of immutable rules established by its anonymous creator, Satoshi Nakamoto, gives Bitcoin its unique properties. These rules are pivotal in maintaining the cryptocurrency’s integrity, decentralization, and value. 1. The Cap of 21 Million: A Deflationary Feature One of the most fundamental characteristics of Bitcoin is the cap on its supply. Only 21 million Bitcoins will ever exist. This limitation is a stark contrast to traditional… Read More »Bitcoin’s immutable rules
As a crypto day trader, it is essential to know how to authenticate and verify the authenticity of NFTs. This article will provide you with a guide on how to do just that. What are NFTs? NFTs are unique digital assets that are stored on a blockchain. Each NFT has a unique code that represents its ownership and authenticity. NFTs are typically used to represent digital art, collectibles, and other… Read More »How to authenticate and verify the authenticity of NFTs