Bitcoin Halving And 4 Year Cycle

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In todays video we are going to discuss what is Bitcoin Halving and its cycles.

One of the most pivotal events on Bitcoin's #blockchain is #halving. It induces inflation in the cryptocurrency's price by reducing the number of bitcoin in circulation and increasing demand for Bitcoin. Bitcoin halving has implications for all stakeholders within Bitcoin's #ecosystem.
To explain what a Bitcoin halving is, we must first understand a bit about how the Bitcoin #network operates.
Bitcoin's underlying technology, blockchain, basically consists of a collection of computers (or nodes) that run Bitcoin's software and contain a partial or complete history of transactions occurring on its network. Each full #node, or a node containing the entire history of transactions on Bitcoin, is responsible for approving or rejecting a transaction in Bitcoin's network. To do that, the node conducts a series of checks to ensure that the transaction is valid. These include ensuring that the transaction contains the correct validation parameters, such as nonces, and does not exceed the required length.

Video Release ID // PR00035

Видео Bitcoin Halving And 4 Year Cycle канала Project Reset