[WTS] NFT Blogspot talk about Bitcoin in 2011This is my NFT Blogspot about BitcoinI first made a blogspot Talk about bitcoin on July 2011, https://x24kgold.blogspot.com/2011/07/bitcoin-mining-is-virtual-money.htmlthis article continued until 7 blogs talk about bitcoin.https://x24kgold.blogspot.com/2011/07/bitcoin-mining.htmlhttps://x24kgold.blogspot.com/2011/07/bitcoin-mining-hardware.htmlhttps://x24kgold.blogspot.com/2011/07/bitcoins-are-unit-of-first-peer-to-peer.htmlhttps://x24kgold.blogspot.com/2011/07/can-i-buy-bitcoins-with-paypal.htmlhttps://x24kgold.blogspot.com/2011/07/where-can-i-buy-bitcoins-with-paypal.htmlhttps://x24kgold.blogspot.com/2011/07/about-bitcoin-mining.htmlhttps://x24kgold.blogspot.com/2011/08/what-is-bitcoin.htmlon July 2011, more than 6.8 million bitcoin in existence around the world.
New coins are generated by a network node each time it finds the solution to a certain mathematical problem (i.e. creates a new block), which is difficult to perform and can demonstrate a proof of work. The reward for solving a block is automatically adjusted so that in the first 4 years of the Bitcoin network, 10,500,000 BTC will be created. The amount is halved each 4 years, so it will be 5,250,000 over years 4-8, 2,625,000 over years 8-12 and so on. Thus the total number of coins will approach 21,000,000 BTC over time.
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BTC8
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