part of Visa transactions accounted for the Bitcoin system, the amount of stored data could reach hundreds of terabytes. It is a kind of a code that consists of 60 characters both with letters and numbers. He could just adjust block reward halving (210 000 blocks reward sizes (50, 25,.5 ) etc. Decentralization Each of the nodes participating in the network has equal rights and has the ability to directly exchange data. These coins are created already, but they are not necessarily in circulation. Blocks are a large number of encrypted and verified transactions combined in a random order. Irreversibility of transactions or transactions The transfer of information is irreversible. One development that could potentially affect this situation is the implementation of Segregated Witness (SegWit an upgrade that allows blocks in Bitcoin's blockchain to store a greater number of transactions.
As has been compared to gold. Nothing special will happen when all the Bitcoins are mined. The price of Bitcoin is determined by current demand to transfer value (ie.
For example is ETH, and the last possibility is that they sell mining equipment at low prices, then lock the proceeds from the sale at MasterNodes. The reward for this is the commission from users for successful confirmation of operations. The number of services that allow making payments in cryptocurrencies is also steadily growing. Auditors check the work of miners, as well as perform load distribution across the network. At first, such concepts as mining and cryptocurrency were familiar only to a limited number of persons, and only a small community of programmers knew what blockchain was. Today, several decentralized platforms have been created and are successfully operating, performing tasks such as issuing loans in cryptocurrency.
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