Hellow guys, Welcome to my website, and you are watching Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation). and this vIdeo is uploaded by Crypto Casey at 2020-01-19T17:31:20-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Bitcoin Halving 2020: History & Price Prediction (A Simple Explanation) |
| Video Uploader | Video From Crypto Casey |
| Upload Date | This Video Uploaded At 20-01-2020 01:31:20 |
| Video Discription | This is a simple explanation of the bitcoin halving event that will happen in May of 2020. ♥ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://coinbase-consumer.sjv.io/Eaxk5W ♦ Recommended Bitcoin Hardware Wallet to Safely Store Bitcoin Offline: Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe ♥ Crypto.com Signup - http://platinum.crypto.com/r/cryptocasey - Type in Referral Code: CryptoCasey and we both get $25 🙂 ======== TABLE OF CONTENTS ======== 00:00 - Introduction Three Important Concepts to Know About the Bitcoin Network: 00:39 - Bitcoin Blockchain 02:13 - Bitcoin Mining 04:15 - Bitcoin Supply The Bitcoin Halving Event in May 2020 Explained: 05:41 - What is Halving? 07:37 - Why does Halving Occur? 08:47 - What Implications Halving has for Future of Bitcoin? ======== VIDEO SUMMARY ======== In this video we will be talking about the bitcoin halving, or "halvening," event that will take place in May 2020. We go over what halving is, why halving takes place, and what implications halving has for the future of bitcoin. First, there are three key concepts about the bitcoin network you need to know that will make bitcoin halving easier to understand. The concepts are the bitcoin blockchain, bitcoin mining, and the bitcoin supply. The bitcoin blockchain is basically a live, running record of all the bitcoin transactions. Once a certain amount of transaction data has been collected, a block is formed and added to the ledger. So, blockchain is simply groups of transaction data that are linked together. The basic structure of the bitcoin blockchain consists of a network of computers around the world with bitcoin software installed on them. The verification and posting of transactions on the blockchain is completed by miners via a process called mining. The basic concept you need to know about bitcoin mining to better understand the bitcoin halving event, is that miners are rewarded with bitcoin each time they verify a new block of transactions. Mining rewards are a combination of newly minted bitcoin units that were not previously circulating, and transaction fees of bitcoin that were already circulating. These rewards are in place to incentivize miners to participate in the mining process to ensure the bitcoin network continues to be audited and essentially maintained. Next, bitcoin was programmed with a maximum supply of 21 million BTC. This 21 million unit maximum was established to mimic the stable inflation rate of the precious metal gold. Halving, in terms of bitcoin, refers to the reduction in bitcoin block rewards issued to miners by half. Currently, the block reward is for miners is 12.5 BTC of newly minted bitcoin that were not previously in circulation. When the halving occurs in May 2020, the block reward will halve, or reduce by half, which will give miners 6.25 BTC of newly minted bitcoin per validated block. Historically, the 12 to 18 months immediately following a halving event, bitcoin pricing didn’t show much movement. Even then, as with previous halvings averaging 12 to 18 months before noticeable changes, the bottom line is this: There is a lot of room for opposing theories, opinions, and predictions about the future of bitcoin’s pricing with regard to the halving in May 2020 and the years following. ======== ESSENTIAL CRYPTO RESOURCES ======== ♦ Recommended 1st Option to Buy Bitcoin/Ethereum: Coinbase Signup Link - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100 - https://www.coinbase.com/join/57605a33b9140001c900020b ♦ Recommended 2nd Option to Buy Bitcoin/Ethereum: Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51862&nci=5343 ♦ Recommended Exchange to Buy Altcoins: Binance Signup Link: https://www.binance.com/?ref=11055137 ♦ Recommended Hardware Wallet: Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe ♦ Recommended 2nd Hardware Wallet: Trezor Model T Link - https://shop.trezor.io/?a=casey@cryptocasey.com ♦ Recommended Malware Protection for Computer & Mobile Devices: MalwareBytes Link - http://www.tkqlhce.com/click-8628825-12849560 ♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts: ProtonMail Link - http://proton.go2cloud.org/SH1f ♦ Recommended Crypto Tax Solution: CryptoTrader Link - https://www.cryptotrader.tax/?fp_ref=casey80 ======== SOCIAL MEDIA LINKS ======== ● Facebook Page - https://www.facebook.com/cryptocasey/ ● Twitter: https://twitter.com/cryptocasey ● Instagram: https://www.instagram.com/cryptocasey/ ● Telegram: https://t.me/cryptocaseychat ● Business Contact - Casey@CryptoCasey.com ● Website - https://cryptocasey.com/ ======== DONATIONS ======== ♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G ♥ ETH - 0xf94c719621E358890Dd33dD010a1fb4717EbdaE4 ♥ LTC - LaoZLinRjD44KReqJkRtiQmUuDRSu8LEYP |
| Category | Science & Technology |
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