What does zero pre-mining of Bitcoin mean (possibility of Bitcoin going to zero)?
What does zero pre-mining of Bitcoin mean? Zero pre-mining of Bitcoin refers to
What does zero pre-mining of Bitcoin mean? Zero pre-mining of Bitcoin refers to a way of mining cryptocurrency by limiting the block size to 100MB. Simply put, it means there is no participation of miners and only one node has the authority to record and confirm transaction records (UTXO).
The meaning of zero pre-mining is that as long as there is enough computational power, mining can be done without risk and in a decentralized manner. All of this is to address the problem of mining difficulty: as the number of coins mined increases, the demand for them also increases, and when the supply decreases, prices will fall.
Possibility of Bitcoin going to zero
According to CCN reports, BitMEX Research suggests that Bitcoin may be nearing zero. Since the bull market in 2017, the price of Bitcoin has hardly recovered. Nevertheless, BTC is still largely following the pattern of “halving,” which means it may decline by about 20% to 30% in the coming months. If this trend continues, BTC could potentially drop to zero or even below $0. However, in the long run, this will have a significant impact on the value of the network.
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