Upcoming Bitcoin Halving May Reduce the Environmental Impact Through a 30% Contraction in Mining Computing Power
Bitcoin (BTC), the first cryptocurrency by popularity and market capitalization, was created with a unique feature in mind that is today encountered in many other cryptocurrencies, such as Binance Coin (BNB). Its developer, Satoshi Nakamoto, designed it to meet a finite supply limit of 21 million, after which no more blocks will be introduced to the network, and no more Bitcoins will emerge. The reasoning behind this rule is to maintain the asset’s scarcity and anti-inflationary properties.
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