The network of bitcoin processed, since there was already a $7 billion (!) to the transaction. And what do you find? It is also relatively cheap to make these transactions safe and secure, according to the statistics of the Coinmetric.po. Customers pay an average of 0.02% of transaction costs for each transaction.
Bitcoin: A Peer-to-Peer, Electronic Cash System. This is the title of one of the Bitcoin white paper. And that’s what the cryptomunt from the very start to facilitate.For the model to work. The network will be more secure and will be used for the payment.
1/3 of The #Bitcoin economic model continues to prove extremely solid.
With the hashrate continuing to hit ATHs: I have looked closer at the miner’s economic model, with a back-of-the-envelope checks.
Can you believe that Bitcoin has settled $7 Trillion in value over its life time. pic.twitter.com/GejlVK16JF
— Stephen Cohen (@_Checkmatey_) December 31, 2019
Contents
Bitcoin is like cash
Bitcoin, as a method of payment, it is not for every situation, at this point in time. If you are in the Netherlands, in a cafe, it can be better to just use the charge will be made if you go for ease-of-use goes.
However, if you are in a situation where you will not be able to use other financial service providers, such as banks, then you have to find something else. Then bitcoin is around the corner. People in the west bank and Gaza strip, are being forced to find other solutions, which cryptomunten one of them.
Another case of sending money across the border. In many cases, there are large transaction costs involved. When the pressure is on the network, it’s a bit rude to be around $3 – $4 transaction fee to pay for a bag of chips.
But if you are from China and the Netherlands, and it’s going to be a large amount, the transaction costs are peanuts.
Read more: Is Bitcoin (BTC) is the next step in the evolution of money?
Mining
The safety and security of the network, it is also of vital importance to the value of a bitcoin. Without security, there is no value. If the value of BTC to rise, it becomes more interesting to set bitcoin to mine. You will receive a fixed reward for finding a block. The reward is 12.5 BTC.
In addition to the block reward, received the miners are the transaction fees for the transactions they process. In ondertaande tweets, you can see the revenue of miners. When the bear and the bullmarkten they will be earning enough money.
In a tweet, the three makes Jeff a mistake. For every $500 transferred bitcoin there will be a $1 is needed to reinforce the network. In a good relationship.
3/3, The material density continues to increase, with a security spend or:
– $500 to Spend for every $1 Transferred
– $70 to Spend for every $1 Saved (Realised)
The Fees make up 3%+ of the Daily Miner and Revenue is…
…Yet the users are, on aggregate, paid less than a 0.02% fee on the total is Full, Tx.
Well Worth The Value. pic.twitter.com/2tpBz8xc2P
— Stephen Cohen (@_Checkmatey_) December 31, 2019
New and Bitcoin News all over: Bitcoin hodlers are in the positive, Binance Lending, and “Satoshi”, the lid on the nose
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