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Title :  The miners Have from the 80% of All Bitcoin
Lasting :   11,6
User :  Shagrel
Date of publication :   2019-08-26
Views :   316
Liked :   564
Downloaded once :   505


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Description The miners Have from the 80% of All Bitcoin

The miners Have from the 80% of All Bitcoin

On 13 January, the Bitcoin is another important milestone - 80% of Bitcoin total supply (or 16,800,000 Bitcoin) reached had been extracted. Today there are less than 4 200 000 BTC until we supply is exhausted.

Satoshi Nakamoto, together with 21 million euros from the cap in the original Bitcoin Protocol, which in its beginnings. The upper limit of the offer was also mentioned in the Bitcoin white paper from 2008, and it was his intention to limit the availability of Bitcoins. Like the digital, the raw materials are becoming scarcer and scarcer, leading to an increase in the value.

At the moment, the reward for all of the right, from the block to 12.5 BTC. This amount reduces to half every 210,000 blocks. The last bitcoin is reduce to half, on 9. July 2016, causing the reward to 25 BTC drop today, the reward of 12.5 BTC. The forecasts show that the next bitcoin will reduce half of it to happen, at some point in June 2020, the reduction of the premium to be extracted for each of the blocks to 6.25 BTC. The projections show that at 2140, all 21 million bitcoins, is obtained. It should be noted that this means that all of the 21 million us-dollars in circulation, the loss of the private key of your hardware portfolio pulled his bitcoins out of circulation. Some studies show that at least 4 million BTC will have missed, in this way, up to now, most of them originating in the days before the adoption of the General. However, once 21 million BTC to be extracted, it is difficult to know how the world's first cryptocurrency continues to flourish and thrive, like the miners, which manages your network, will not be used for rewards for the confirmation of transactions by the way. In order to survive, Bitcoin will be forced to accept a system with multiple levels of transaction costs, the met in a way that both the users and the miners.



Comments The miners Have from the 80% of All Bitcoin



Akshay Dhotre
I was not able to check the invalid address and amount, no alert shown. also not able to transfer the tokens.
Comment from : Akshay Dhotre


Shubham Gadewar
I am working on a POA concept and was trying to send tokens from one account to another via a testing script, but was not able to, because I was not adding the god damn async call back function. Thank you so much for doing this video.
Comment from : Shubham Gadewar


Blockchain Boy
"Hmmnn this is odd"
Comment from : Blockchain Boy


paul luo
Error: Error: could not unlock signer account
at StateManager.queueTransaction (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:90530:21)
at GethApiDouble.eth_sendTransaction (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:90071:14)
at GethApiDouble.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:89870:10)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at GethDefaults.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:89767:12)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at FilterSubprovider.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:65832:7)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at DelayedBlockFilter.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:89595:3)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at StateManager.queueTransaction (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:90530:21)
at GethApiDouble.eth_sendTransaction (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:90071:14)
at GethApiDouble.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:89870:10)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at GethDefaults.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:89767:12)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at FilterSubprovider.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:65832:7)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at DelayedBlockFilter.handleRequest (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:89595:3)
at next (C:\Users\SLK\AppData\Roaming\npm\node_modules\ethereumjs-testrpc\build\cli.node.js:59378:18)
at Object.InvalidResponse (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/inpage.js:445:27853)
at chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/inpage.js:445:60227
at XMLHttpRequest.r.onreadystatechange (chrome-extension://nkbihfbeogaeaoehlefnkodbefgpgknn/inpage.js:445:40881)

Comment from : paul luo


kapil kaushik
nice explanation, i have one query though. Can we send our custom ERC tokens using this process ?
Comment from : kapil kaushik


Abs_ Korr
Amazing content, love how you don't just fly through the why's!
How can I get in touch with you? I have some questions I'd like to ask, I will pay for your time if that's the case :)

Comment from : Abs_ Korr



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