Bitcoin’s fourth halving block will result in an additional reward of $2.4 million in fees.

fourth in history Bitcoin BTC

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Half-life block confirmed.

According to a Bitcoin blockchain explorer on Blockchain.com, the halving block appears to have come from cryptocurrency mining pool ViaBTC, and was worth 37.6256 BTC ($2,401,399) in “rewards paid as fees for the 3,050 transactions included in the block.” Additional payment will be made.

Obviously, this block may change after it has been confirmed. Although unlikely, a block can undergo something called chain reorganization, which occurs when two miners confirm a block on the blockchain at almost the same time. This could happen and cause a fork in the blockchain, as there was fierce competition among miners to secure the first halving block. To learn more about the halving block, individuals will have to wait until more transactions take place.

Half-Life Block Competition and Speculation

The race between miners has intensified again to see who will secure the historic fourth Bitcoin halving block and do something unique with it.

This year’s Bitcoin halving will feature new tools called “ordinals”, which are smaller units of Bitcoin created with associated metadata, and “runes”, which are more efficient token creation built on top of Bitcoin. These tools allow miners to associate images or other metadata from specific Bitcoin blocks.

“We are confident that both the major miners and major miners have something special in store,” Teddy Fusaro, president of Bitwise Invest, said in The Block space. conversation A few hours before the halving on Friday. “I think anyone lucky enough to get this block will get a special treat from us when it goes to print.”

In the same conversation, Bitwise Invest researcher Juan Leon added, “I would like to see data submitted to one of the blocks showing a chart of the amount of US dollars printed over the past four years.” “I would like to point out that this contrasts with Bitcoin’s deliberate monetary policy, which has historically been the only asset that has been able to successfully manage inflation.”

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