Hello guys,
Welcome once again to my blog. This day I will be attempting a course in the intermediate level, a lecture delivered by professor @imagen on the topic Bitcoin's Trajectory.

Halving is the process where the reward that are given by miners are divided into two equal part each time the process takes place. This means that the reward given by crypto currency miners will be slashed by half when ever the halving process take place.

The question we should be able to ask ourselves is what is the reason why this halving talk place? In the case of bitcoin or any other crypto currency, the reason for halving is to reduce the number of the token in circulation. For bitcoin, halving takes place after every four years.

Bitcoin has been halved three times since it's birth. The first halving took place in 2012, before that time the reward was 50 BTC for miners and when the first halving took place the reward was slashed to 25 BTC. The second halving took place in the year 2016 and the reward was cut down to 12.5 BTC. The third halving took place in 2020 and the reward was still cut down to 6.25 BTC.

From the calculation, the halving is done after every four years. So the next expected Bitcoin halving is schedule to take place in the year 2024, in this year the reward is also expected to be cut down by half i.e half of 6.25 BTC will be 3.125 BTC.

The halving phase of bitcoin we are currently experiencing is the third one. And the reward from our calculation is 6.25 BTC. This means presently the reward miners get is 6.25 BTC per block.

Consensus Mechanism is an algorithm that is used to validate the blocks or transaction in a block chain network. Agreement between different systems connected together to validate transactions is what we call consensus algorithm. Two commonly types of the consensus algorithm are PoS and PoW.

Proof-of-work: Bitcoin as the first crypto currency uses this consensus mechanism. This mechanism involves the calculation of complex mathematical problems. This is done so that the block will be validated. Anyone who is first to successfully solve this complex mathematical problem is the one that will be rewarded.

Proof-of-stake: This type of consensus algorithm performs it's validation not by solving a mathematical problem but by the number of liquidity the users are holding. The people who are responsible to validate a transaction are those with the highest holders of the coin.

From our explanations above, the PoW uses mathematical method to solve complex issues before a block can be validated and then added. In the same way, the PoS validates it's transaction or block using the highest holders of the coin in the block chain.

Visit the bitcoin explorer website, once the page loads scroll down to locate latest transactions as seen below.

Click on the topmost hash and all the necessary information about the block or transaction will be displayed to you. See screenshot below.

Altcoin season is a season where 75% of the top coins performed better than Bitcoin over the last season (90 days) or three months. This implies that about 75% of this coins perform more better than Bitcoin at this period.

From the image above the number of altcoins that perform better than bitcoin is 41% and because of that, can conclude that we are not in the altcoin season.

The last altcoin season as seen in the chart above is between March 2021 and ended in June 2021. This section shows that about 75% altcoin perform better than bitcoin.

AXS is one of the altcoin that perform better in this last season. See image of the progress below.

Another altcoin that perform well in the last season is the FTM. See image of the progress below.

Here in this question I bought EOS coin worth 15 USDT. I used my finance verified exchange platform.

I choose the EOS token because of it's scalability and high speed of growth. More also I see a future growing of the coins.

The major aim of the project is to solve the issue of scalability that is associated with other block chain technology. It helps to provide this scalability to it's users.

From coinmarketcap.com, the rank of EOS as at when I am performing this task is #41 and the current price is $4.73 market cap $4,542,819,751 the volume is $1,436,509,141.

We have been able to refresh our memories on the happenings in the block chain technology. The halving reminds us that reward of miners are usually halved every time this season showcases. I want to sincerely appreciate the professor for such a wonderful lecture. It has help me in no small way to explore and learn more new things.