Crypto News

The Bitcoin network was held halving

The last division in half of the awards was held the evening of may 11, several hours earlier than assumed in the calculations.

Just hours before the event, the rate of extraction of the blocks exceeded the normal speed twice that accelerated the onset of the hour H. Block 630 000 produced maineguy pool AntPool.

Bitcoin price continued to fluctuate during the first five months of 2020. As you approach halving VTS almost reached $10000, but could not gain a foothold and is now trading at $8700.

The course is the first cryptocurrency in the time of occurrence of halving virtually unchanged. While the value of transactions on the network soared on the eve of 300 percent.

Recent event reduced the reward per block with a 12.5 to 6.25 BTC BTC. Following reduction to 3,125 BTC will happen after 4 years on the block 840000.

The third reduction in the cost of bitcoins took place in the backdrop of a pandemic, which may challenge the global dominance of the US dollar, when the digital Libra yuan and lay the Foundation for the future of the financial system. Some believe that bitcoin is digital gold with decentralized features, encrypted technology of the block chain. Others consider it one of the largest frauds in history.


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