Block subsidy

The block subsidy is the means by which all bitcoins available for exchange on the network are issued. The mechanism is designed such that the miners who build the network infrastructure receive these rewards as a subsidy to fund their operations. The block subsidy originally awarded each successful block discovery 50 bitcoins, however the rate halves once every 210,000 blocks (approximately every 4 years). The block subsidy ceases when the reward halves below the value of 1 Satoshi, an event which is estimated to take place in around 2140.

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Written by Ramon Quesada

Passionate about Blockchain & Bitcoin technology since 2013, Co- Founder of, Team Manager in the CoinTelegraph Spain franchise (2016-2017 years) Co. Organizer of the Blockchain Boot camp Valencia 2018, Co. Organizer of the mini Hackathon BitcoinSV Barcelona, in August 2019, current coordinator of the BSV Valencia Meetup.

Block hashing algorithm

Block timestamp