Bitcoin halving and what it means for South Africa
southafricainsight.substack.com
A few days ago, the fourth Bitcoin halving since Bitcoin was introduced occurred. A halving is an event that takes place every four years and results in the halving of the reward that Bitcoin miners receive for creating new bitcoins. This leads to fewer new bitcoins being created. There is a cap of 21 million bitcoins, and it is estimated that all of these will have been mined by the year 2140. After this, no more bitcoins can be created, which is a significant departure from present currency systems, such as the one in South Africa with their currency, the Rand.
Bitcoin halving and what it means for South Africa
Bitcoin halving and what it means for South…
Bitcoin halving and what it means for South Africa
A few days ago, the fourth Bitcoin halving since Bitcoin was introduced occurred. A halving is an event that takes place every four years and results in the halving of the reward that Bitcoin miners receive for creating new bitcoins. This leads to fewer new bitcoins being created. There is a cap of 21 million bitcoins, and it is estimated that all of these will have been mined by the year 2140. After this, no more bitcoins can be created, which is a significant departure from present currency systems, such as the one in South Africa with their currency, the Rand.