Rules for cryptocurrencies should be made to fit the risks that come with them, such as fraud, deception, and manipulation by developers, sellers, or promoters who still run a crypto project.
Rumors that the proof-of-work version of Ethereum will keep going should be taken very seriously. But holy crap, it's interesting.
Litecoin, one of the first true Bitcoin alternatives, has acquired a sizable following across the crypto-community. While it has never been as popular as BTC, LTC has carved out a niche for itself, and its pricing reflects this.
The last bitcoin is expected to be mined sometime around the year 2140. The supply of bitcoin is limited to a final cap of 21 million. This is determined by bitcoin’s source code which was programmed by its creator (s), Satoshi Nakamoto, and cannot be changed.
While these fees represent only a tiny portion of most miners’ revenues right now, that will change dramatically around the year 2140, when all remaining Bitcoin is mined up. Without miners processing transactions, Bitcoin wouldn’t be able to operate. That’s how Bitcoin’s Proof-of-Work (PoW) consensus mechanism operates.
For these reasons, many new blockchains utilize a consensus mechanism known as proof of stake. Notable examples include Cardano (ADA), EOS, and Stellar (XLM). Ethereum will also shift to proof of stake after ‘the merge’ when Ethereum 2.0 launches. It is, therefore, reasonable to question whether proof of stake may also be in Bitcoin’s future.
For Bitcoin (BTC), there’s a hard cap of 21 million tokens that can be mined. Once this happens, there’s going to be no more new Bitcoin. While most people think that’s still a ways away, we’re actually getting rather close to hitting that number.
Recently, the world's second-largest cryptocurrency, ethereum, implemented a major network upgrade that reduced its energy ...
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