Tagged: bitcoin division

Once bitcoin reaches 21,000,000 and there is no more to mine, will there still be miners out there for transactions? 0

Once bitcoin reaches 21,000,000 and there is no more to mine, will there still be miners out there for transactions?

Transaction fees are going to become important a lot sooner than 100 years. They are probably going to be important after the next halving, at the longest range they are going to be important two halvings from now, which is about 8 years away. Transaction fees are currently about 0.3btc...

Halving Bitcoin 0

Halving Bitcoin

Let the Halving Begin!!! It is once again that time when the amount of Bitcoins created is reduced by half. As we know, Bitcoin transactions are grouped into blocks and then recorded on the Blockchain. Bitcoin Miners are the ones responsible for this duty. Each time a Miner records a...

Can Bitcoins be divided into smaller units? 0

Can Bitcoins be divided into smaller units?

Bitcoins can be divided into smaller units giving Bitcoin what is known as divisibility. The smaller units are represented as mBTC or millibitcoin, µBTC or microbitcoin and Satoshi.  Satoshi is the smallest unit of division at 0.00000001 Bitcoin.