Are you want to know 5 basic things you probably don’t know about bitcoin ? Here are some shocking things you should know.
As in the world of cryptocurrency everybody knows the bitcoin is first cryptocurrency and digital payment system now days used in almost every country.
Bitcoin
bitcoin is invented by Sir Satoshi Nakamoto in 2009, Now it is first top cryptocurrency used for exchange money from one place to another without the help of any banking system and without huge charges of transfer, and there are limit bitcoin in crypto world.
5 things about bitcoin
Bitcoin is limited there are total 21 Million means 2,10,00,000 bitcoin in the world of cryptocurrency.
One block only solved in 10 minutes, if the miners are increased then the difficulty of mine is also increase, and this process is continuing to the 2140. That's means last bitcoin will be mine in 2140.There is no any other way to mine all bitcoin at once.
For solving one block there is fixed amount of bitcoin gives as reward.
After solving 2,16,000 Blocks takes round about 4 years. The block reward getting half, in 2009 the reward for solving one Block is 50 bitcoin, and after 4-year reward half in 2012 Block reward is 25 Bitcoin for solving one block.
In 2016 block reward is halfed, for solving one Block reward is only 12.5 bitcoin.
Thanks for reading may post hope you like it
Follow me for more
Resteem
Upvoted :)
