Once a new block is formed in a blockchain, it is not rewarded with 12.5 Bitcoins, which is an average of events every ten minutes. It is a reward for the so-called the process of "mining", and it means the consumption of electricity and computer energy to maintain the network. “Mining” encompasses a multitude of people and specializes in trade around the world, and this creates the core value of Bitcoin. The system automatically generates new Bitcoins, and I have regulated the speed in the process, which is why there is no way to circumvent global rules, and Bitcoins make money faster than by increasing investment in “mining” hardware and linking spending to electricity bills.
In 2020, the reward per block will be halved, and will continue to prevail every four years until 21 million Bitcoins are generated. Which means Bitcoin has a fundamental potential for value growth. Who invented Bitcoin?
Bitcoin is thought to have been invented by Satoshi Nakamoto, who found the date by October 31, 2008 on a cryptographic mailing list, in a research journal called Bitcoin: Peer-to-Peer Electronic Cash System. To make things even more interesting, the name Satoshi Nakamoto is a pseudonym used by an unknown person or persons, which was invented by Bitcoin. In 2016, Australian entrepreneur Craig Wright claimed for himself to be “Mr. Bitcoin,” which is a widely accepted claim among prominent members of the Bitcoin community.
When was Bitcoin created?
The financial history of Bitcoin began on May 22, 2010, when someone bought a pizza. If you’ve never heard of this revolutionary event, don’t worry, you’re not the only one…
Pizza was not the most important part of the transaction - but what was used as a means of payment. The meal cost 10,000 Bitcoins, and it was the first time that virtual value had been used to buy something from the real world. Bitcoin enthusiasts today celebrate that day as Bitcoin Pizza Day.
It's been really crazy since then. The use and value of Bitcoin has increased significantly. The restaurant where the pizza was ordered may not have made history, but to keep those 10,000 bitcoins, it would be biogat for about $ 20 million today.
In March, the true value of one Bitcoin jumped above the value of an ounce of gold for the first time, and I continue to climb.
Where can you spend Bitcoin?
There are many things that can be bought for Bitcoin - besides pizza! There are even places that receive it. According to http://www.coindesk.com/ the number of traders who accepted Bitcoin in 2015 exploded. Many of them are on e-commerce sites, although an increasing number of classic stores accept BTC as a means of payment. Post is constantly growing and Bitcoin you will spend literally everywhere on:
Usual household utensils;
1.Video games;
2.Gift cards;
3.Travels;
4.food;
5.Car;
6.Leaving a tip and giving alms;
7.In online and classic stores
Many payments (payment processors) when making a payment will be a QR code, which represents a bitcoin address and a price increase.
QR codes are very convenient, as they make it easier to pay via the Bitcoin wallet (wallet) of applications on your smartphone. Simply scan the QR code, and you will fill in the recipient’s Bitcoin address ahead and request a larger amount. Once you get the job done, the payment is complete