So-called"halving" takes place every four years and is when the reward received by"miners", whose computer processors enable the running of the world's most popular virtual currency, is reduced.
Bitcoin is up about 25 per cent this year, with investors viewing it as a hedge against inflation expected to be triggered by central banks easing monetary policy to cushion economies from the virus outbreak. "Halving" is also expected to hit the profitability of mining Bitcoin as more work will be needed to achieve the same reward -- but analysts say this could be offset if the unit's value rises.
It was created in 2008 by a person or group writing under the pseudonym Satoshi Nakamoto as a peer-to-peer decentralised electronic cash system.
And they said no one is behind it
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Source: staronline - 🏆 4. / 75 Read more »