MEDIUM OF EXCHANGE - HALVING - MINING - SATOSHI -

realskilled (47)in #cryptocurrency • 7 years ago


MEDIUM OF EXCHANGE	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. ^{^{Source + Source}}
HALVING	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{^{Source + Source}}
MINING	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{^{Source + Source}}
SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{^{Source + Source}}


MEDIUM OF EXCHANGE	fiat currencies are the generally accepted mediums of exchange. their most important and essential function is to provide a measure of value. is an intermediary used in trade to avoid the inconveniences of a pure barter system. ^{^{Source + Source}}
HALVING	the final halving will take place in the year 2140. the total amount of bitcoins that will ever be issued is 21 million. the number of bitcoins generated per block is decreased 50% every four years and is called halving. bitcoins have a finite supply, which makes them a scarce digital commodity. ^{^{Source + Source}}
MINING	by choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. in this cryptocurrency boom, mining can be a lucrative business when done properly. the necessity of validation warrants an incentive for the miners, usually in the form of coins. mining is the act of validating blockchain transactions. ^{^{Source + Source}}
SATOSHI	there are 100 million satoshis in a single bitcoin. the smallest unit of bitcoin possible. ^{^{Source + Source}}

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