With the Bitcoin halving event just around the corner, Bitgert coin emerges with assurance in the cryptocurrency world. With the speed of mind-blowing expectations and kind transaction costs, Bitgert stands to break the set status quo in the market, something that enthusiasts seek and, without a doubt, investors dream of. Could this be the time of revolution?
The Bitcoin Halving Phenomenon
Bitcoin halving is a block reward reduction event programmed into the Bitcoin network. It is a programmed event occurring every four years, precisely after mining 210,000 blocks. It is part of a deliberate monetary policy for Bitcoin to temper the potential inflationary effect and spread the issuance of new Bitcoins over time.
A reward accompanied the mining of a block from the very beginning when Bitcoin was created. This amount was 50 Bitcoins. Since the first reduction, at the time of the first halving in 2012, it has been reduced to 25 Bitcoins; later on, periodically, it was further reduced by halving. Currently, after the last halving, the reward is 6.25 Bitcoins per block.
The halving is crucial since it directly affects the rate at which new Bitcoins are issued and, therefore, released into circulation. This scarcity could mean much higher prices for Bitcoin if the demand for the cryptocurrency is still high.
Halving seeks to ensure that Bitcoin suffer not from high inflation but secures a sustained value as a digitized asset. It also gives miners the incentive to continue securing the network since, in the long run, mining becomes not only more challenging but possibly also more lucrative as a result of the rising value of Bitcoin.
All about the Bitgert Ecosystem
Bitgert (BRISE) is a cryptocurrency project focused on the centerpiece and product development of their blockchain. Bitgert first ran in the BNB Chain and has since developed its own BRC20 blockchain, known for high-speed transactions and gas fees close to zero. This slashes the cost of transactions down to $0.0000000000001 per Bitgert transaction, able to hold up to 100,000 transactions per second (TPS). Bitgert’s ecosystem consists of such products as Bitgert Chain, Bitgert Exchange, and BRISE Swap, all-inclusive of a decentralized exchange.
Bitgert uses a DeFi protocol with the features of a multicurrency dApp wallet and staking rewards in BUSD. The native token, BRISE, forms the core of transacting within the platform. It features a buyback mechanism where 5% of the transaction fees will be used to fund token repurchases and burns to increase their scarcity and value.
The combined total supply of Bitgert is closing at 396 trillion tokens and a maximum cap of 1 quadrillion Bitgert tokens, developed upon a proof-of-Staked Authority, the consensus mechanism based on intelligent contracts through extensive audits.
Bitgert’s scope post-halving
The performance and attractiveness of Bitgert have been improved by mechanisms such as Bitcoin halving, in that the built-in buyback and burn protocols reduce token supply, increasing scarcity in a way the halving phenomena portray effects. If you, as an investor, are seeking to place your bets on Bitgert, we recommend doing critical research, checking Bitgert’s market performance, and finally, checking your risk appetite.
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