Btc2016 production reduction schedule
lightcoin is inspired by bitcoin (BTC) and has the same implementation principle in technology. The creation and transfer of lightcoin is based on an open source encryption protocol and is not managed by any central authority. Lightcoin aims to improve bitcoin. Compared with bitcoin, lightcoin has three significant differences. First, the lightcoin network can process a block every 2.5 minutes (instead of 10 minutes), so it can provide faster transaction confirmation. Second, the lightcoin network is expected to proce 84 million lightcoins, four times the amount of money issued by bitcoin network. Thirdly, the scrypt encryption algorithm first proposed by Colin Percival is used in lightcoin's workload proof algorithm, which makes it easier to mine lightcoin on ordinary computer than bitcoin. Each Leyte is divided into 100000000 smaller units, defined by eight decimal places
other cryptocurrencies are the same. As time goes on, the speed of encryption will slow down until the output is zero. Dog coin, Fuyuan coin and bitcoin are all like this.
Bitcoin network generates a new block every ten minutes. Every time a miner completes a block, he can get a certain amount of bitcoin as a block reward, and the reward will be halved for every 210000 blocks mined. Because the time for mining each block is limited to 10 minutes, at this rate, the period for the reward to be halved is four years, that is to say, the reward for bitcoin blocks is halved every four years
when the bitcoin block reward was halved for the first time, its price rose 25 times from 300 yuan to 7995 yuan; In the second half, the price rose 28 times from 5011 yuan to 140000 yuan. So many people predict that the third halving of bitcoin in May 2020 will lead to a sharp rise in the price of bitcoin, at least 10 times. However, these figures are not so clear. After halving in 2012, bitcoin prices rose for two months, and in 2016, there was almost no immediate response to deflation for a month. This may also be the result of the strategy of "buying rumors and selling news" implemented by some speculators
extended data:
after bitcoin halved, the supply slowed down, and keeping deflation through algorithm has always been a part of bitcoin protocol design. It was set up to ensure the value of bitcoin. By recing block incentives and setting the maximum possible supply of bitcoin at 21 million bitcoins, bitcoin has an anti inflation feature, which runs counter to the tendency of central banks to print money at will. At present, there are about 17.5 million bitcoins in circulation, and less than 3.5 million bitcoins are available for mining. When the next block award halves, bitcoin's annual inflation rate will drop from the current 3.8% to about 1.8%
maintaining deflation through algorithms has always been a part of the design of bitcoin protocol. It was created to guarantee the value of bitcoin. By recing block incentives and keeping the total amount of bitcoin at 21 million bitcoins, bitcoin is endowed with an anti inflation nature, which is different from the tendency of central banks to print money at will. At present, there are about 17.5 million bitcoins in circulation and less than 3.5 million available for mining. The next block award cut in half could rece bitcoin's annual inflation rate from the current 3.8% to about 1.8%. This will be the first time in bitcoin's history that it has fallen below the historical average of about 2% - 3% growth in gold supply
the issuance of bitcoin does not depend on indivials or teams, but through a process called "mining". By solving the problem of cryptography, people get the right to create new blocks and get rewards. It can be said that the new bitcoin is proced to reward miners to verify blocks. In the beginning, 50 bitcoins were awarded for each block packed. Nakamoto designed a set of rules. For every 210000 blocks excavated (about four years), the reward will be halved. This is what we call "halving" event
the first half was at the end of 2012, when 50 bitcoins were awarded to the 210000 block, but only 25 bitcoins were awarded to the 210001 block
the second half took place in the middle of 2016, and the reward was halved again, so 12.5 bitcoins were awarded in 420001 block
and so on...
until around 2140, 21 million bitcoins were g up, and then they stopped rewarding
Why do we need this half design? If bitcoin is issued too fast and there is no circulation limit, there will be a large amount of bitcoin in circulation in the market, and it will definitely be greatly devalued. One thing to remember: bitcoin is valuable. First, the number of bitcoins is fixed, that is 21 million; Moreover, through the halving process, inflation in the bitcoin economy can be suppressed
the third halving will take place in May this year. Let's wait and see.
secondly, the current market sentiment is bullish, the rising trend is relatively good, and it is difficult to fall
thirdly, the good situation of national new infrastructure is difficult to fall
for reference only, it has no practical significance. After all, I don't count.
to find a good organization and study hard, employment is not a problem.