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The Blockchain technology
What is Blockchain?
Blockchain is a decentralized, distributed ledger that records transactions across many computers. This makes the data immutable, transparent, and highly secure without the need for a central authority.
Bitcoin Mining & Proof of Work
Bitcoin mining is the process of validating and adding new transaction blocks to the blockchain. Miners use powerful computers to solve complex computational puzzles (Proof of Work) to earn newly minted Bitcoin and transaction fees.
Bitcoin Halving
Bitcoin halving is a pre-programmed event that cuts the reward for mining new blocks in half, occurring approximately every four years. This reduces the rate at which new Bitcoins are introduced into circulation, creating artificial scarcity crucial for its long-term value appreciation and driving demand and price.
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