Counting down just 2 days with SIX Network before we reach the historic Bitcoin Halving Day. It only happens once every 4 years and it’s almost here! What could possibly happen in the upcoming Bitcoin Halving event that might shake up the cryptocurrency world ?
Bitcoin Halving Day is when the reward for mining new blocks on the Bitcoin blockchain gets cut in half every four years. This event, called the ‘halving,’ is built into Bitcoin’s code and is a key part of its monetary policy. Its purpose is to manage inflation and maintain Bitcoin’s limited total supply.
At its core, Bitcoin Halving is a mechanism to regulate the supply of Bitcoin. By cutting the reward in half, from its initial value of 50 BTC per block to 25 BTC in 2012, then to 12.5 BTC in 2016, and now to 6.25 BTC, Bitcoin’s creator, Satoshi Nakamoto, ingeniously ensured that the total supply of Bitcoin would gradually approach its predetermined cap of 21 million coins.
The effects of Bitcoin Halving ripple throughout the cryptocurrency ecosystem, influencing various facets of the market and shaping investor sentiment.
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According to recent data from Google Trends, interest in the Bitcoin halving has surged to unprecedented levels. The search term ‘Bitcoin halving’ has reached a score of 45, with Google predicting it will hit a peak score of 100 by the end of this month! This surge in interest reflects the growing anticipation surrounding this historic event.Â
The Bitcoin halving has grabbed worldwide attention, as shown by Google Trends. Countries like Nigeria, Netherlands, Switzerland, and Cyprus are particularly interested, highlighting its global significance.
Bitcoin’s timing couldn’t be better for the Halving Day, riding high on recent impressive performance. Starting at $42,200, Bitcoin soared 74% to hit an all-time high of $73,600 on May 13th. Though it’s cooled to around $61,078, optimism for the halving remains strong. (source : Cointelegraph)
So, as we countdown the next 2 days til the coming of Bitcoin Halving Day, let’s celebrate this momentous occasion in the history of cryptocurrency. Whether you’re a full time trader, seasoned holder, a curious newcomer, or just someone fascinated by the intersection of technology and finance, the Bitcoin Halving Day is an event worth paying attention to. Get ready for the countdown and let’s see where the next chapter in Bitcoin’s journey takes us!
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Letâs explore the benefits and insights of this milestone toward enterprise-ready blockchain infrastructure. After the recent announcement of a business
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The Techsauce event concluded smoothly, and once again, this year SIX Network participated as an Exclusive Partner in Blockchain Technology
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SIX Network āļĄāļĩāļāļ§āļēāļĄāļĒāļīāļāļāļĩāļāļĩāđāļāļ°āļāļĢāļ°āļāļēāļĻāļāļ§āļēāļĄāļĢāđāļ§āļĄāļĄāļ·āļāļāļĒāđāļēāļāđāļāđāļāļāļēāļāļāļēāļĢāļāļąāļ JFIN Chain āļāļđāđāđāļŦāđāļāļĢāļīāļāļēāļĢāļāđāļēāļ Blockchain Infrastructure āđāļāđāđāļāđāļēāļĢāđāļ§āļĄāđāļāđāļāļŦāļāļķāđāļāđāļ Validator Node āļāļāļ SIX Protocol āļāļķāđāļāļāļēāļĢāļĢāđāļ§āļĄāļĄāļ·āļāļāļĢāļąāđāļāļāļĩāđāļāļ°āļāđāļ§āļĒāđāļŠāļĢāļīāļĄāļŠāļĢāđāļēāļāļĻāļąāļāļĒāļ āļēāļāđāļĨāļ°āđāļāļīāđāļĄāļāļ§āļēāļĄāđāļāđāļāđāļāļĢāđāļāđāļŦāđāļāļąāļāđāļāļĢāļ·āļāļāđāļēāļĒ SIX Protocol āđāļāļāļēāļĢāļāļĒāļēāļĒāļāļēāļĢāđāļāđāļāļēāļāļāļĨāđāļāļāđāļāļāļāļĒāđāļēāļāļĒāļąāđāļāļĒāļ·āļ āļāļēāļĢāđāļāđāļ Validator
SIX Network is pleased to officially announce its partnership with JFIN Chain, a provider of Blockchain Infrastructure, which has joined