Halving

Halving is the mechanism that halves the rewards distributed for the production of blocks on the blockchain of Bitcoin and its forks (Bitcoin Cash and Litecoin). 

In Bitcoin mining, Halving is an event scheduled to occur every 210,000 blocks, i.e. about 4 years, considering the time per block set at 10 minutes by the algorithm. As a result of Halving, the amount of BTC released as a reward to the mining nodes is reduced by 50%. This means that the issuance of new coins halves, decreasing the inflation of the cryptocurrency so that its scarcity is preserved. It is therefore possible to predict the pace of distribution of new Bitcoins, until the maximum availability of 21 million BTC is reached.

Bitcoin’s next halving, in particular, will take the block reward from 6.25 BTC to 3.125 BTC. The genesis block reward (3 January 2009), on the other hand, was 50 BTC: the miner who produced it was Satoshi Nakamoto, the creator of Bitcoin himself.

Correlated words

Hawkish

'Hard' monetary policies aimed at raising interest rates to combat inflation.

Dovish

Monetary policy characterised by low interest rates and higher levels of employment aimed at fostering economic growth.

Registry

Organisations that manage all information relating to top-level domains.

URL

Stringa di caratteri associata in String of characters uniquely associated with a resource on the World Wide Web. univoca ad una risorsa sul World Wide Web.

IP address

Numeric strings that uniquely identify every resource to the network

Web 3.0

A term often associated with the idea of the 'Semantic Web' and data interoperability, it represents the next phase of the Internet.

ICANN

Organisation that manages domain names on the Internet and assigns IP addresses.

Registrar

Organisation that deals with the sale and registration of domain names.

DNS

Hierarchical server system that, on the Internet, associates each domain name with an IP address.

TLD

The domain extension placed at the end of a URL address,located at the highest point in the DNS hierarchy.

Financial Market

The financial market is a regulated space where financial securities can be bought and sold.

Cashback

Cashback involves a partial reimbursement of funds spent in a transaction.

Web3

Third historical phase of the web, during which the economic and technological system of the internet changes thanks to the tools offered by blockchain.

Bitcoin

The longest-lived cryptocurrency on the market and the first application of blockchain.

Wallet address

The string of characters that identifies a cryptocurrency wallet.

Stablecoin

Cryptocurrencies pegged to the price of a stable asset such as a fiat currency or precious metal.

Custody

Managing one's wallet by knowing its private key

White Paper

Technical and informative document used by cryptocurrency projects to present their technological proposal.

Wallet

Software that allows you to send, receive and store your cryptocurrencies.

Virtual Currency

Term used in legislation to define cryptocurrencies.

Fiat Currency

Legal tender, i.e. the official currency adopted by a government.

Token

Digital unit of value based on a third-party protocol.

Satoshi Nakamoto

The pseudonym of the creator or group of Bitcoin developers. Their true identity is unknown and they no longer have an online presence.

Open-source

Open-source software is public and available for anyone to reuse.

KYC

Identity verification procedure required by European regulations for exchanges.

Hard Fork

A division of the blockchain due to the incompatibility of the new version of the protocol with the previous one.

Hot Wallet

A cryptocurrency wallet connected to the internet.

FinTech

A sector that combines finance and technology, where companies develop technologically innovative financial services.

Cryptography

The branch of computer science that studies secure communication methods.

Cryptocurrency

Virtual currency based on cryptography and blockchain.

Coin

A cryptocurrency that is natively based on its blockchain

Public Key

Cryptographic code that identifies a wallet on the blockchain.

Private Key

Cryptographic code that gives access to a wallet.

API

Tools that simplify the development of apps and web services.

Altcoin

Cryptocurrencies that followed Bitcoin as alternative solutions.

AML

Anti-money laundering regulations prevent illegal activities on centralised exchanges.

Algorithm

The procedure applied to solve a problem.

Exchange

Services facilitating the purchase and sale of digital assets based on daily market prices.

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