Day #7 Vert coin "halving" explained
My new favorite coin, VTC, is halving it's block reward around December 12th! What does this mean; VTC is a proof of work coin, meaning you can mine for coins. Each block rewards 50 coins for being mined. When Vertcoin 'halves' the block reward is dropped from 50 coins to 25 coins. With that it reduces inflation since there is less supply and most likely prices will go up! So this is good news for coin holders and perhaps not as good for miners. Although if prices go up enough that will compensate for the reduced block reward!
stats:
day 7
222$ Etherium
136$ Bitcoin
44$ Vert Coin
52$ profit
Content on this blog is not intended to and does not constitute investment advice. Your use of the information on this blog or materials linked from the Web is at your own risk.
Congratulations @danlittle! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPawesome thanks!
@originalworks
The @OriginalWorks bot has determined this post by @danlittle to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Thanks @originalworks !!
Nice View..