On Friday, April 1, miners mined the 19 millionth anniversary bitcoin. This event took place on block 730,002.
At the time of writing, 90.48% of the total digital gold supply has been mined, which is capped at 21 million BTC.
According to the algorithm established by Satoshi Nakamoto, the reward is reduced by 50% for every 210,000 blocks. The next halving is scheduled for 2024.
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The 18 millionth coin was mined on October 19, 2019.
Recall that VanEck analysts let the price of bitcoin rise to $4.8 million, on the condition that it acquire the status of a global reserve currency.
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Ripple co-founder Chris Larsen has previously come under fire in the crypto community for suggesting that bitcoin should move from Proof-of-Work to Proof-of-Stake.
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