👉The Bitcoin Halving Could Accelerate Consumer Adoption of BTC....💲👥🧓
The halving is a non-event for the vast majority of the world. At its core, it’s a simple evolution in how much the people who process bitcoin transactions get paid. All electronic payments, whether made via credit card, Venmo or the tap of a phone, require some kind of processing.
Bitcoin transactions are no exception.
On-chain bitcoin transactions are processed by the vast network of so-called “miners,” who validate and record transactions on the blockchain. To date, these miners receive two types of rewards: a block reward, paid by the bitcoin network, and a network transaction fee, also paid in bitcoin by the person making the transaction.
The more bitcoin acts like other currencies, the more comfortable people will be using it. While most of us are not miners, many of us are currently financially disenfranchised: Today there are more than a billion adults in the world who have a smartphone but no bank account. These people are digitally connected to the rest of the world, but lack the benefits of participating in a global financial system.
