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@ Jacopo Graziuso
2025-05-12 19:07:27
💰 For their work, miners receive two types of rewards:
1. Block reward → new bitcoins created for each block solved
2. Transaction fees → small amounts paid by users to include their transactions in the block
📉 The block reward is halved every 200,000 blocks (roughly every 4 years) in an event known as halving. This reduces future supply, making Bitcoin a predictably scarce and structurally anti-inflationary asset.
⏱️ Bitcoin also has a difficulty adjustment mechanism: every 2,016 blocks (about every two weeks), the difficulty of mining is recalibrated to ensure that a new block is discovered about every 10 minutes. This keeps the output rate constant and predictable.
❗️Attention: Miners are not financial intermediaries. Anyone can participate in mining without authorization from central banks or central institutions. In contrast, traditional intermediaries require regulatory approval to operate.
⚖️ The Bitcoin protocol is an open, distributed and autonomous system where all participants (miners, nodes, users) have an equal say. No central authority. Just shared incentives and distributed consensus.
❓️Who are nodes, what are they for?
📶 Stay tuned.
#bitcoin #protocoll #halving #mining #rewards #fees #difficulty #adjustement #scarcity #permissionless
https://blossom.primal.net/dcd286a2bba65f19f1ba36ca1461ebb8cf2e3838a246c1503277499e27045cf7.png