Newly minted Bitcoin are rewards for a mathematical race that maintains the ledger of transactions. Rules for the race and rewards are fixed and inherent in the protocol. It is the decentralised incentive structure to keep the ledger honest and the value scarce that sets Bitcoin apart from other currencies and assets. Follow the link to learn more. https://www.linkedin.com/in/alexander-bradley-89b0515b/
17 Dec 2019 5 minute read 1 comment AlexanderBradley
Newly minted Bitcoin are rewards for a mathematical race that maintains the ledger of transactions. Rules for the race and rewards are fixed and inherent in the protocol. It is the decentralised incentive structure to keep the ledger honest and the v...
