On average every four years (after 210,000 blocks in the China blockchain) the production is new Bitcoins abruptly halved, or more precisely, the reward for adding a block to the china block given to miners is cut in half. Hawing was added to the network code by Satoshi Nakamoto, the anonymous creator of Bitcoin with the aim of control Bitcoin Because the hawing event actually halved the supply rate for new goods Bitcoins , the experts believe that this event will be a significant one A hit at the price of Bitcoins and can increase the value of Bitcoins Over time. What is the philosophy of the hawing event? You may be wondering why it was necessary to shape this change in miners rewards and why the miners reward rates should not be kept constant. Will this event not end at the expense of the miners? The answer to this question lies in the law of supply and demand, if new Bitcoins can be generated quickly, or the number of Bitcoins that can be produced is infinite, the high number of Bitcoins are in circulation, they will gradually devalue. ”The main reason for this is control . One of the biggest flaws of traditional fiat currencies controlled by central banks is that they can print as much money as they want and if they print too much, the value of the national currency will be determined by the law of the country . In contrast to conventional currencies Bitcoin is designed to behave like a valuable asset, like gold . The amount of gold in the world is limited and with the extraction of every gram of it, the extraction of the remainder becomes gold becomes more difficult than before. Because of this limited supply gold has established itself as a means of exchange and store of value over the past 6,000 years. “We hope Bitcoin can do the same. “Friends, press the Like button, write a comment and share it with your buddies – that would be the best THANK YOU.
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