The Bitcoin halving could open the door for Bitgert coin to be the next big thing in cryptocurrencies. Its blockchain has much higher speed and efficiency, and substantial investment interests are turning to it. As transaction costs fall, the adoption of Bitgert can bloom in significant numbers. Bitgert can be the one to change the face of the cryptocurrency domain.
Let’s Understand Bitcoin Halving
Bitcoin halving is a pre-programmed event that halves the miner’s rewards for every block they mine on the Bitcoin network. It generally occurs every four years, to be more precise, after successfully mining 210,000 blocks in the Bitcoin network. It is part of the monetary policy in Bitcoin, meant to be an inflationary control and spread over an extended period for giving out new Bitcoins.
Back when Bitcoin had just first been created, the block reward itself was 50 Bitcoins. The reward per block was set to 25 bitcoins after the first halving in 2012, and it has continued to experience halving periodically since then. The current block reward as of the last halving is at 6.25 bitcoins. This halving is of importance because it directly impacts the rate at which new bitcoins are minted and enter into active circulation. After 21 million coins are created, the halving will stop the production of Bitcoin altogether. It will be able to simulate some of the scarcity and deflation characteristics of precious metals, such as gold.
Halving, in essence, is a way of making sure that Bitcoin doesn’t fall into high inflation; hence, it ensures the value it is supposed to hold as a digital asset. The scarcity could fuel a price hike in Bitcoin if the demand for the cryptocurrency is sustained.
Reviewing Bitgert’s Ecosystem
Bitgert (BRISE) is a cryptographic token for a project blockchain, mainly boasting of decentralized DeFi products, launched in July 2021. Bitgert first operated on the BNB Chain and has since developed its blockchain, known as BRC20, for high-speed transactions with near-zero gas fees, reducing the cost of operations dramatically to $0.0000000000001, capable of handling 100,000 transactions per second (TPS). The Bitgert ecosystem comprises the Bitgert Chain, a decentralized public blockchain; the Bitgert Exchange, a centralized trading platform; all to flourish Bitgert’s sustenance.
Bitgert uses a DeFi protocol equipped with a multi-currency dApp wallet and staking rewards for BUSD. Its native token, BRISE, is integral for transactions within its platform, which features a buyback mechanism where 5% of the transaction fee funds token repurchases and burns for enhancement of its scarcity and value.
Presently, Bitgert has 396 trillion tokens in circulation with a max cap of 1 quadrillion tokens. Bitgert’s network assures maximum security using Proof-Of-Staked Authority as its consensus and is further undergirded with very smart contract audits.
End Call
Bitgert’s performance and appeal would be further heightened by mechanisms akin to the halving at Bitcoin. The buyback and burn protocols that Bitgert uses and integrates within the project would, in essence, lead to a decrease in token supply, increasing the relative scarcity and further driving up its price—much in the same way seen in halving phenomena.
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