What is the Bitcoin Halving and Why is It Important? DONE!
An event is about to take place on the Bitcoin network that only happens roughly every four years. The amount of new bitcoin created and earned by miners with each new block of transactions is about to be cut in half. This is part of bitcoin’s predictable, transparent monetary policy, which can be verified in the source code available on the Bitcoin Core GitHub repository.
When these sorts of changes in bitcoin’s inflation rate take place, it's known as a halving event. This upcoming halving is expected to take place this Saturday when block 420,000 is mined.
-Bitcoin Magazine on www.nasdaq.com
Read the full article here!
http://www.nasdaq.com/article/what-is-the-bitcoin-halving-and-why-is-it-important-cm646655#ixzz4Dsjf6s27
Countdown Clock Until Halving Occurs - currently at COMPLETE
http://www.bitcoinblockhalf.com/#
I'm super excited for this event because of the potential market changes that will occur in Ethereum! I have invested in Ethereum from when it was a wee little baby, just climbing it's way up from $3/Eth. I still hold a fair share even after the recent 60 million dollar hack that occurred last month (read about it here http://www.dailydot.com/layer8/ethereum-hack-june-bitcoin/). I will continue to keep my eyeballs glued to the price of Bitcoin, Ethereum and also Steem (since it is up 23% from 24 hours ago) to watch for anything exciting to occur and will report back as soon as the halving event is over.
Until then, keep on Steeming!
Leave a comment about your thoughts on this event and what you think the price of Bitcoin, Ethereum and Steem will be after the hump.
Current values of each coin
Steem: https://coinmarketcap.com/currencies/steem/
Ethereum: https://coinmarketcap.com/currencies/ethereum/
Bitcoin: https://coinmarketcap.com/currencies/bitcoin/