Hi great steemians, I'm super excited to join the class for this week.

QUESTION 1

How many times has Bitcoin been "halved"? When is the next expected? What is the current amount that Bitcoin miners receive? Mention at least 2 cryptocurrencies that are or have halved.

How many times has Bitcoin been “halved”?

The Bitcoin halving is taking place even as the appearance rate of the maximum latest BTC
is halved, which happens each 210,000 blocks mined, or greater or much less each four years, till it reaches 21 million. bitcoins. truely extracted. The first Bitcoin halving in 2012 diminished the reward for mining a block from 50 BTC to twenty-five BTC.

Bitcoin Halving happens Every four years, the halving method, which Bitcoin touts as a good way to reward miners, can be halved. Currently, the halving has occurred several times, the first being in 2012 when Bitcoin compliments, which went to 50 BTC on a block basis, were later converted to 25 BTC. The second is 2016, credits have been "halved" to 12.5 BTC depending on the block and, as recently as, in 2020, bitcoin credits were 6.25 BTC depending on the block. Bitcoin is expected to stop in 2140.

When is the next expected?

It is said that in 2024 BTC will experience halving because it occurs after four years cycle.
How much do Bitcoin miners receive today?
If a miner manages to upload a block to the blockchain, he's going to get hold of 6.25 bitcoins a reward. The prize quantity is halved about each 4 years or each 210,000 blocks. As of August 2021, bitcoin is buying and selling for around $48,000, really well worth 6.25 bitcoins really well worth about $300,000.
Mention at least 2 cryptocurrencies that are or have halved.

1. Litecoin
   It was launched in 2011. Its halving event was almost like bitcoin. Block reward after launch was 50LTC while the block reward is now 12.5LTC after halving.

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2.Bitcoin Cash
The halving event was similar to bitcoin. Initial mining reward was 12.6BCH as when launched while halved to 6.25BCH.

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QUESTION 2

What are consensus mechanisms? How do Proof-of-Work and Proof-of-Staking differ?
What is consensus mechanism?
A consensus mechanism may be a fault-tolerant mechanism utilized in laptop structures and blockchains to achieve the specified settlement on a unmarried information fee or unmarried kingdom of a community among allotted methods or multi-agent structures, consisting of with cryptocurrencies.

What is Proof-of-Work consensus mechanism?
Proof of Work (PoW) is a wellknown consensus set of rules utilized by the maximum famous cryptocurrency networks which includes bitcoin and litecoin. This calls for taking part nodes to show that the paintings completed and submitted through them qualifies to acquire the proper to feature new transactions to the blockchain. However, the entire bitcoin mining mechanism calls for excessive strength intake and longer processing time.

What is proof-of-Stake consensus mechanism?
Proof of stake (PoS) is every other trendy consensus set of rules that has advanced as a low-fee and low-strength opportunity to the PoW set of rules. This entails attributing obligation for retaining the general public ledger to the collaborating nodes in share to the variety of digital forex tokens it holds. However, this has the drawback of incentivizing cryptocurrency accumulation in preference to spending.

How do Proof-of-Work and Proof-of-Staking differ?

Proof of Work (POW) extraction calls for big quantities of energy to energy the computing energy; Proof of Stake (PoS) offers mining energy primarily based totally on the share of coins that a miner owns.

Proof of Stake (POS) become created as an opportunity to Proof of Work (POW), Blockchain technology's unique consensus algorithm used to affirm transactions and upload new blocks to the chain.

QUESTION 3

Enter the Bitcoin explorer and indicate the hash corresponding to the last transaction. Show Screenshot.

Coinmarket cap

The hash corresponding to the last transaction is clearly indicated in the chart below;

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QUESTION 4

What is Altcoin Season? Are we in Altcoin Season? When was the last Altcoin Season? Name and show 2 Altcoin charts followed by their growth in the latest Season. Give reasons for your answer.

What is Altcoin Season?

Altcoin stands for "opportunity foreign money". An alt foreign money is actually any crypto aside from Bitcoin. The call is primarily based totally at the concept that Bitcoin become the first cryptocurrency and that each one different currencies are taken into consideration options to Bitcoin.

Altcoin season is a crypto phenomenon that is causing maximum fees for cryptocurrencies to rise, with the exception of Bitcoin. As the load on Bitcoin sinks, many merchants are generating income through (smaller) projects. To do this, it is very important to realize what altcoins are when the altcoin season begins and it is time to advertise your coins.

Are we in Altcoin Season?

Coinmarket cap

From the data provided, it shows that over 90 days only 51% of the top 50 alternative coins performed better than bitcoin. Therefore, we can say this is not altcoin season.

When was the last Altcoin Season?

Coinmarket cap

It can be deduced from the chart that the altcoin season ended on 19th June, 2021. During 90 days, 80% of the top 50 alternative coins have better performance and performance than bitcoin. The altcoin season started on March 28, 2021, during which over 90 days 76% of the top 50 alternative coins performed better than bitcoin.

Mention and show 2 charts of Altcoins followed by their growth in the most recent Season. Give reasons for your answer.

1. SOLANA
   Solana (SOL) is the 6th best performing altcoin this season. Based on the graph movement, In late july it was $32 then the growth began at August and obviously increased to $210 at september. It will continue to increase, it is estimated that in the latest season Solana (SOL) will continue to experience significant growth.

2. AXS (Axie Infinity)
   It shows that AXS (Axie Infinity) is also the best performing altcoin this season. Based on the graph movement in july AXS was $17.9 then gradually increased to over $150 in october. It was estimated that in the latest season AXS (Axie Infinity) will continue to experience significant growth.

QUESTION 5

5.) Make a purchase from your verified account of the exchange of your choice of at least 15 USD in a currency that is not in the top 25 of Coinmarket (SBD, tron ​​or steem are not allowed). Why did you choose this coin? What is the goal or purpose behind this project? Who are its founders / developers? Indicate the currency's ATH and its current price. Reason for your answers. Show Screenshots.

To answer this question, my verified account is binance.
I used BTT. I used $20 and bought 4561BTT at a unit price of 0.004385.

binance app

Why did I choose this coin?

BTT is rank 53 in the coinmarket cap. BTT has a great future owing to the current development in the blockchain ecosystem. There is high prediction of bullish BTT to 20% to 40% in 2021.

What is the goal of this project?

One of the goals of this project is to create large network that can compete with other high ranked coins. It's goal also is to decentralized the coin and make it available for everyone for exchange. Any one who wants to use BTT will be able to trade on this block chain platform.

Who are the developer and founder?

BitTorrent Token was founded by Bram Cohen and Ashwin Navin in 2001.

Indicate the currency's ATH and current price

coingecko app

CONCLUSION

Bitcoin is the father and kind of crypto currency. Bitcoin is like the cell of crypto currency. All other coins are derivative or fondly known as Altcoin.

I am happy to go through this class and be exposed to more things about Bitcoin that I thought I knew it.
Thanks so much.

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Regards
@charis20