Dragon Silly, a new meme coin, is starting to gain popularity among people. The launch of SILLY, combined with the concept of 2024 (in China) being the Year of the Dragon, quickly became the focus of the market.
Will it increase as #Pepe ? No one knows.Do the fundamental analysis.
#BTC #halving $BTC Currently, there's an expectation for a slight uptick in BTC as USDT dominance experiences a decline, signaling a potential upward momentum for Bitcoin in trading circles.But it should decrease to even 35k soon. It is not financial advice. #DYOR
Here you go 8 Useful facts about Having.
1. **Scheduled Event:** Bitcoin halving occurs approximately every four years, or precisely every 210,000 blocks, as part of Bitcoin's predetermined supply control mechanism.
2. **Reduced Mining Rewards:** During a halving event, the reward for successfully mining a new block is halved. This process is designed to limit the total supply of Bitcoin, making it a deflationary digital currency.
3. **Genesis Halving:** The first Bitcoin halving took place in November 2012, reducing the block reward from 50 to 25 bitcoins. Subsequent halvings occurred in July 2016 and May 2020, further reducing the rewards.
4. **Supply Limit:** Bitcoin's total supply is capped at 21 million coins. The halving events contribute to slowing down the rate at which new bitcoins are created, with the final fraction expected to be mined around the year 2140.
5. **Market Impact:** Historically, Bitcoin halving events have been associated with increased attention and often followed by bull markets. However, the actual market response is influenced by various factors.
6. **Mining Difficulty Adjustment:** To maintain a roughly 10-minute block time, the Bitcoin network adjusts the mining difficulty approximately every two weeks. Halving events contribute to these adjustments.
7. **Economic Implications:** Halving can impact the economic incentives for miners, potentially leading to some miners exiting the network due to reduced rewards, while others may continue to mine if they believe in future price appreciation.
8. **Halving Countdown:** Websites and tools often provide real-time countdowns to the next Bitcoin halving, building anticipation within the crypto community.
1. **Creation Date:** Bitcoin was introduced on January 3, 2009, when the first block of its blockchain, the "genesis block," was mined by Satoshi Nakamoto.
2. **Pseudonymous Creator:** The identity of Bitcoin's creator, Satoshi Nakamoto, remains unknown. It is unclear whether Nakamoto is an individual or a group of people.
3. **Limited Supply:** Bitcoin has a capped supply of 21 million coins. This scarcity is designed to mimic the scarcity of precious metals like gold.
4. **Decentralized System:** Bitcoin operates on a decentralized peer-to-peer network, eliminating the need for intermediaries like banks. This is achieved through blockchain technology.
5. **Halving Events:** Approximately every four years, the reward for mining new Bitcoin blocks is halved. This event, known as the "halving," reduces the rate at which new bitcoins are created and influences the overall supply.
6. **Blockchain Technology:** Bitcoin's underlying technology is blockchain, a distributed ledger that records all transactions across a network of computers, ensuring transparency and security.
7. **Mining Process:** Bitcoin mining involves solving complex mathematical problems to add a new block to the blockchain. Miners are rewarded with newly created bitcoins for their efforts.
8. **Volatility:** Bitcoin's value is known for its price volatility. Factors such as market demand, regulatory developments, and macroeconomic trends can influence its price.
9. **Divisibility:** A bitcoin can be divided into smaller units. The smallest unit is called a satoshi, named after the pseudonymous creator Satoshi Nakamoto, and is one hundred millionth of a bitcoin.
10. **Global Acceptance:** Over time, Bitcoin has gained acceptance as a form of payment. Some businesses and online platforms now allow users to make transactions using Bitcoin, contributing to its growing adoption.