Bitcoin Halving Explained | How does it Influence the Market? | Animation | Cryptomatics скачать в хорошем качестве

Bitcoin Halving Explained | How does it Influence the Market? | Animation | Cryptomatics

In this video, we will explain what exactly Bitcoin Halving is, how does it affect the price or the reward system, what will happen when the blockchain doesn’t have any more blocks to mine, and how did the 2020 halving prove a point against inflation. Bitcoin halving is a process through which the rewards for mining bitcoin are halved after a set of 210,000 blocks are mined. As more blocks are mined, reducing the rewards for mining Bitcoin has the role of making sure that the total amount of Bitcoin in circulation doesn’t drastically increase. If you enjoyed this video, hit the Like and Subscribe buttons so you'll know when we come up with new episodes! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ You can also find us on: Twitter   / cryptomaticsyt   Instagram   / cryptomatics_eng   Reddit   / cryptomatics   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Visit Our Website: Crypto Robin: https://cryptorobin.com Cryptomatics: https://cryptomatics.media SUBSCRIBE to our Channel: https://cutt.ly/QSTdqlR ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The main topics of the video are: ▶ What is Bitcoin Halving? ▶ Does Halving Affect the Price or the Reward System? ▶ What Happens When There Are No More Blocks to Mine? ▶ How Does Halving Help in the Long Run? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 🟡 What is Bitcoin Halving? Bitcoin halving is a process through which the rewards for mining bitcoin are halved after a set of 210,000 blocks are mined. As more blocks are mined, reducing the rewards for mining Bitcoin has the role of making sure that the total amount of Bitcoin in circulation doesn’t drastically increase. This generally happens around every four years until the entire supply of 21 million Bitcoin will be mined. 🟡 Does Halving Affect the Price or the Reward System? Everytime a halving takes place, the trading volumes and the price of the Bitcoin are directly affected, meaning both of them increase. This is due to the fact that as the supply of Bitcoin decreases, the overall value of the blocks yet to be mined increases. There have been three halvings so far, with the most recent one taking place in 2020. The next one is predicted to take place in 2024. The current reward sits at 6.26 Bitcoins, but the next halving will drop the reward to 3.125 Bitcoins. 🟡 What Happens When There Are No More Blocks to Mine? Around 19 million Bitcoins are mined already, meaning only two million Bitcoins are left for mining. But as we’ve made this progress, mining has become more and more difficult. As of May 2021, mining Bitcoin has reached a difficulty of around 22 trillion, the highest ever. 🟡 How Does Halving Help in the Long Run? It’s a form of poetic justice that the latest Bitcoin halving took place in 2020, a year in which the US increased its money supply by printing trillions of dollars in order to fight the economic crisis. Printing more money leads to a raise in inflation, which is not good, but Bitcoin itself is deflationary by default. 🟡 Conclusions Bitcoin Halving is meant to make sure that the market doesn’t experience a Bitcoin overflow, which in turn has a direct effect on the price of the cryptocurrency. Then again, this also means that miners have to work even more to receive the same reward, with mining also becoming more and more difficult. ~~~~~~~~~~~~~~~~~~~~~~~~~~~ CHAPTERS– 0:00 Intro 0:23 What is Bitcoin Halving? 0:58 Does Halving Affect the Price or the Reward System? 1:57 What Happens When There Are No More Blocks to Mine? 2:41 How Does Halving Help in the Long Run? 3:20 Conclusions 3:46 Outro ~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛓️ 🔗 Useful Links 🔗⛓️ ►https://www.investopedia.com/bitcoin-... ►https://www.coindesk.com/bitcoin-halv... ►https://money.usnews.com/investing/in... ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 💎 Watch Our Top Videos:⬇⬇⬇ 👉 The Biggest Crypto Scams ↪↪    • The Biggest Crypto Scams | Animation | GIV...   👉 Bull Market vs Bear Market ↪↪    • Bull Market vs Bear Market | Where are we?...   👉 What is DeFi? ↪↪    • What is DeFi? / Decentralized Finance Expl...   👉 Crypto Wallets - How safe are they? ↪↪    • Crypto Wallets - How safe are they? / Anim...   👉 FANTOM - Haunting the DeFi world- ↪↪    • FANTOM - Haunting the DeFi world | FTM Exp...   👉 How to use Binance / Tutorial for Beginners ↪↪    • How to Use Binance | Binance Tutorial for ...   If you enjoyed watching our video you can support us by hitting the like and subscribe buttons. If you have any questions, don't hesitate to write them in the comments sections. Thank you SUBSCRIBE for more videos: https://cutt.ly/QSTdqlR ======================💎HashTags💎====================== #BitcoinHalving #Halving #Bitcoin #Animation #Cryptomatics #Blockchain #Crypto #FinancialEducation