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fashion luxury jewelry wedding ring wholesale china In the past, when centralized organizations such as banks provided bookkeeping services, they needed to charge fees as returns.
but the Bitcoin network does not have a centralized organization, and everyone needs to participate together and account for accounting together. How to motivate everyone to participate in the bookkeeping and keep the Bitcoin network continuously operating?
. Bitcoin network has therefore agreed that the bookkeeper who seizes the right to bookkeeping can get compensation.
The compensation consists of two parts: one is the Bitcoin reward carried by the new block, and the other is the transaction fee contained in the block. Bitcoin rewards and transaction expenses are a kind of incentive solution, which not only regulates the behavior of miners, enables it to meet the requirements of network security, but also realize the supply of currency.
In addition, the Bitcoin White Paper also proposes a "reward reduction mechanism", which stipulates that Bitcoin rewards are reduced by half every four years, which means that when Bitcoin was born in 2009, each successful bookkeeping will be successfully booking. Can get 50 Bitcoin rewards. In 2012, Bitcoin rewards fell to 25 for the first time; in 2016, it fell to 12.5. According to the current halving speed, Bitcoin is expected to be released in 2140, and the total amount is constant at 21 million. Therefore, Bitcoin is also scarce, known as "digital gold", and the more people hold it, the higher the degree of recognition, and it is possible to become more valuable.