Hello wonderful people, how are you today? I hope you're having a fantastic week. I'm ecstatic to be a part of this wonderful lecture. In this article, I'll share my experience with Bitcoin's trajectory. instructed by @imagen

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1.) How many times has Bitcoin been “halved”? When is the next expected? How much do Bitcoin miners receive today? Name at least 2 cryptocurrencies that are or have been "halved".

What is Bitcoin Halving?

The most recent Bitcoin halving occurred on May 11, 2020. To comprehend what a Bitcoin halving entails, you must first comprehend how the Bitcoin network operates. The blockchain that underlies Bitcoin is essentially a collection of devices (or nodes) that run Bitcoin's programmed and retain a complete or partial record of all transactions that have been logged on its system. Accepting or denying transfers to the Bitcoin network is the responsibility of every full node, or node possessing the entire history of Bitcoin transactions. This was accomplished by the node running a series of checks to ensure that the operation is legal.

How many times has Bitcoin been halved?

The first bitcoin halving occurred on November 28, 2012, after a total of 10,500,000 BTC had been mined.

Previously, each block cost 50 BTC. Each block generates a new BTC.
Following that, each new BTC block will be worth 25 BTC.
The price is $12.35 on halving day.

A new BTC per block was established on July 9, 2016, replacing the old 25 BTC each block.

The new BTC per block will be 12.5 BTC after that.

The price was $650.63 on halving day.

On May 11, 2020, the most recent occurred.
Previously, each block was worth 12.5 BTC.
The new BTC per block would be 6.25 BTC after that.
The price was $8821.42 on halving day.

What is the current amount that Bitcoin miners receive?

The miner will be compensated with 6.25 bitcoins if they correctly add transactions to the chain. The reward amount is reduced by half every four years, or every 210,000 blocks. In August 2021, bitcoin was trading at over $48,000, with a goal of making 6.25 bitcoins worth around $300,000.

The price of bitcoin, on the other hand, has been extraordinarily volatile, making it difficult or impossible for miners to forecast exactly how much their dividend will be when they receive it.

2 cryptocurrencies that are or have halved.

Zcash.

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The number of Zcash Block Reward Subsidies per block will be reduced during the Zcash Halving event (divided by 2).
In the next halving, at block 1,046,400, the total quantity of ZEC produced by miners will drop from 6.25 ZEC to 3.125 ZEC.
Aside from the Block Reward Subsidy, the Zcash Founder's Reward will also be reduced in the next Zcash halving.

Ethereum.

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Three times, the value of Ethereum will be halved. Ethereum is going through a triple halving of some type, most likely in early 2022, but while demand on those precise days may fluctuate, the ethereum triple halving has its roots in a reduction in supply.

Supporters of Ethereum are delaying trading until the London hard fork is released, which is expected to be delayed. The most notable Ethereum Improvement Proposal (EIP) in the update is EIP 1559. This is referred regarded as a "Triple Halving" when combined with the move to Proof-of-Stake (PoS).

2.) What is a consensus mechanism? How are Proof-of-Work and Proof-of-Staking different?

understand the consensus mechanism

The consensus mechanism is a software technique that is employed in the blockchain network to accept and verify each new transaction data entry. Many consensus techniques exist in the blockchain realm, including Evidence, Proof-of-Stake, and others.

understanding of the Proof-of-Work consensus mechanism

Proof of work is a groundbreaking consensus technique. Proof of work is a technique for producing or validating old currency like bitcoin. The method for mining the first generation of currencies was the proof of work system. This technique works by requiring miners to validate currency transactions by actually solving puzzles and sophisticated mathematics; if the miners successfully validate the transaction, they will be paid with coins on the network. Miners will use their computer power to carry out mining tasks, hence the computer's power has a significant impact on mining success.

understanding of the Proof-of-Stake consensus mechanism

Proof-of-Stake differs from Proof-of-Work in that it uses a different technique. This process does not necessitate miners solving hard theoretical challenges, nor does it necessitate miners having a lot of computing power. Most Proof-of-Stake systems that make mining simpler and more enjoyable; in most cases, mining may be a fun game. The proof-of-stake method is chosen by the oldest and most coin holders, who are known as validators, for transaction validation operations.

Proof-of-Work and Proof-of-Staking differences

The consensus methods of Proof-of-Work and Proof-of-Staking differ in numerous ways. From how to mine coins and how to validate transactions, there's a lot to learn. Proof-of-Work requires miners to solve difficult arithmetic puzzles, whereas Proof-of-Work just requires validators to validate transactions who have the most and longest currency. From the standpoint of energy and resource efficiency, Proof-of-Work uses more resources since it requires a lot of electricity and computer power, but proof-of-stake uses less energy and is more environmentally friendly when it does not require electricity. a large number of tall computers. In terms of how simple it is to obtain coins, Proof-of-Stake is simpler because it does not involve the solving of difficult and complex arithmetic puzzles, and the majority of them are simple and enjoyable games. Meanwhile, proof of labor has become more difficult due to the need to solve complex challenges.

3.) Enter the Bitcoin explorer and show the hash corresponding to the last transaction. Show Screenshot.

We go to the https://www.blockchain.com/ and we click on the explorer tab as shown in the picture below.

then click on this

click on explorer

then after scrolling down u will see the latest transaction section

Let's say we choose a randomized transaction; the contents of the transaction are shown in the pictures beneath.

This transaction was first broadcast to the Bitcoin network on October 07, 2021 at 5:31 PM GMT+5. The transaction is currently unconfirmed by the network. At the time of this transaction, 0.01930597 BTC was sent with a value of $1,042.14. The current value of this transaction is now $1,042.14

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.

Altcoin Season.

Altcoin season (abbreviated as "alt season") is a phase in the cryptocurrencies when other currencies overtake Bitcoin as the market leader. Alternative currencies, or altcoins, are digital currencies that aren't Bitcoin.
As a reason, alt-season refers to any moment when most cryptocurrencies outperform Bitcoin in the market.
This time, the Bitcoin dominance rate may be lower than it was before the start of last season.

Are we currently in Altcoin Season?

Bitcoin's supremacy has declined from 69.1 percent in late December 2020 to 44 percent in October 2021, signalling that Alt season has arrived.

Several cryptocurrency, including Ether (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), Uniswap (UNI), and Compound (COMP), have enjoyed hundreds of percent increases during this time. The value of Dogecoin (DOGE) has risen by about 6000 percent, and numerous cryptocurrencies built after the meme-cryptocurrency have seen similar rises.

These large returns also suggest that the era has lasted a long time, and no one knows when the market will turn around.

When was the last Altcoin Season?

The last altcoin season took place in March of this year 2021, and it lasted only three months, suggesting that despite Bitcoin's slump, neither coin was always capable of surpassing it, therefore now since the bitcoin is rising, altcoin season is done.

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

I'll show you the chart below, which was taken from coinmarketcap.com and shows the green line indicating the price in USD and the yellow line representing the price in Bitcoin for the last three months.

Altcoin charts

1. AXS

The live Axie Infinity price today is $126.35 USD with a 24-hour trading volume of $1,862,833,739 USD. We update our AXS to USD price in real-time. Axie Infinity is up 0.64% in the last 24 hours. The current CoinMarketCap ranking is #26, with a live market cap of $7,695,358,728 USD. It has a circulating supply of 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins.

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here is axs and btc chart comparison of the last months

2. Sol

Solana price today is $159.61 with a 24-hour trading volume of $3,041,267,972. SOL price is up 2.3% in the last 24 hours. It has a circulating supply of 300 Million SOL coins and a total supply of 489 Million. If you are looking to buy or sell Solana, Binance is currently the most active exchange.

5.) Make purchases from your verified account of your preferred exchange of at least 15 USD in a currency that is not in Coinmarket's top 25 (SBD, Tron ​​, or steem are not allowed). Why did you choose this coin? What is the goal or purpose behind this project? Who is the founder/developer? Show ATH currency and current price. The reason for your answer. Show Screenshot.

I purchased a DBG coin from my verified Binance account.

i purchased it through bnb pair

Why did I choose this coin?

• DigiByte has quicker transaction speeds per second, is much safer, and is among the most decentralised blockchains available.
• DigiByte has grown becoming the world's longest, quickest, and also most protected UTXO blockchain. DigiByte blocks are generated every 15 seconds, making it 40 times speedier than the most renowned cryptocurrency Bitcoin.
• DigiByte has five data mining methods in place to protect its network from highly damaging assaults.
• Researchers and businessmen that share DigiByte's mission of making a good influence on society are presently being searched.

ITS all time high and current price.

Conclusion.

Bitcoin has played a significant role in the global adoption of cryptocurrencies. Every halving event typically heralds a surge in cryptocurrency asset prices, therefore traders should not miss out on this opportunity.

There's an altcoin season that traders should take advantage of in addition to the halving season. Alternative cryptocurrencies did much better than bitcoin at the time, making trading with them quite profitable. As a result, traders must be vigilant in reading the market condition, not only by observing and interpreting chart movements, but also by considering the potential for a profitable season.

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