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All Eyes On Bitcoin As The Halving Executes Successfully
As of 3:26 PM EST on May 11th, the Bitcoin Halving was executed successfully at block height number 630,000 of the Bitcoin blockchain. Bitcoin was designed as a disinflationary digital asset with a supply cap of 21 million. In order to validate transactions and secure the network, miners receive a combination of a block reward (inflationary newly minted Bitcoins) and transaction fees (fraction of an existing Bitcoin paid by sender) with each block that is produced every 10 minutes. At the current rate of production post-Halving, 900 Bitcoins are added to the network every day, equivalent to ~$8.1 million at the ... (full story)
