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Paul Rita

@That_DEFI_GIRL

Did you know that currently, approximately every 10 minutes, $6.25 #Bitcoin are minted and released into circulation?

A Quick #Thread on
#Block Rewards and #Bitcoin Halving
🧵🪀

A #Bitcoin halving is the process of dividing by half the rewards of mining #Bitcoin after each set of 210,000 blocks is mined/ approximately every 4years.

💡In 2009, When Bitcoin was created, the #Rewards for each block was 50 #bitcoins in addition to the transaction fees

1/

That was from 2009-2012, 50 #Bitcoins were minted as block rewards every 10 minutes(it takes approximately 10 minutes to find the hash of a block)

After the first halving, the rate of Bitcoin emissions reduced by half and as at

💡2012, 25 #Bitcoin was the Block #Rewards

2/

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Discover and read the best of Twitter Threads about #chaining_the_blocks

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