💥BitBlockBoom is celebrating another 210,000 blocks passing and the momumental shift in new bitcoin issuance.This year the supply growth rate becomes lower than gold at only 3.125 bitcoin per block. https://video.nostr.build/eb74225fbefbb6491b58531a9f11275078fb7ea5de48fc19b65dcae796131790.mp4
BitBlockBoom, the renowned Bitcoin maximalist conference in Austin, TX, is celebrating the passing of another 210,000 blocks in the Bitcoin blockchain. This milestone represents a significant moment in the Bitcoin network's history and highlights the monumental shift in new Bitcoin issuance.
The milestone of 210,000 blocks is a crucial event in the Bitcoin network, as it marks the occurrence of a halving, where the block reward for miners is reduced by half. This mechanism is designed to control the issuance of new bitcoins and maintain the scarcity of the digital asset. The decrease in new Bitcoin issuance to 3.125 bitcoins per block underscores the protocol's deflationary nature and its potential as a store of value.