Question
Briefly describe the supply mechanism of Bitcoin in the following details: a) What is the average time interval between blocks? What is the underlying reason
Briefly describe the supply mechanism of Bitcoin in the following details:
a) What is the average time interval between blocks? What is the underlying reason for not having a shorter time interval?
b) What are the main incentives for miners? What will happen when block rewards end?
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The average time interval between blocks in the Bitcoin blockchain is approximately 10 minutes This ...Get Instant Access to Expert-Tailored Solutions
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
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