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Every four years, the number of bitcoin prive<\/a>s released relative to the previous cycle gets cut in half, as does the reward to miners for discovering new blocks. (The reward right now is 12.5 bitcoins.) As a result, the number of bitcoins in circulation will approach 21 million, but never hit it. True to its origins as an open, decentralized currency, bitcoin is meant to be a quicker, cheaper, and more reliable form of payment than money tied to individual countries.<\/p>\n<\/p>\n The UNESCO World Heritage Site, Virunga National Park, in eastern Congo, Africa pays for its operations, using a profitable Bitcoin mining operation powered by the Park’s hydroelectric plant. Oil and gas giant Exxon mines Bitcoin using the natural gas flared by oil mining operations to generate their electricity. Mining Bitcoin this way makes use of an otherwise “monumental waste of a valuable natural resource”.<\/p>\n<\/p>\n To put it in perspective, this amount of could power a small nation for an entire year. The Bitcoin Lightning Network is another notable development in the Bitcoin roadmap. This is a Layer-2 payment protocol designed on top of Bitcoin to improve scalability and throughput, making Bitcoin transactions faster with cheaper transaction fees. However, using long hashes makes it difficult for users to attempt double spending Bitcoins. In this manner, the intensive consensus mechanism prevents fraud within the blockchain.<\/p>\n<\/p>\n If bitcoin doesn\u2019t change into something more valuable why wld NGU, exc speculation ? <\/p>\n This is true for any asset, any company, literally anything. BTC + LN has a prive ceiling <\/p>\n Only BTC w\/ added features & extra income sources is rly more valuable long term<\/p>\n — Bolsa (@OwnNothingBFree) January 16, 2023<\/a><\/p><\/blockquote>\n<\/a><\/p>\n
Bitcoin Price Index XBX<\/h2>\n<\/p>\n
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