Briefly describe the supply mechanism of Bitcoin in the following details: a) What is the average time

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Briefly describe the supply mechanism of Bitcoin in the following details:

a) What is the average time interval between blocks? What is the underlying reason for not having a shorter time interval?

b) What are the main incentives for miners? What will happen when block rewards end?

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Personal Finance

ISBN: 978-1337099752

13th edition

Authors: E. Thomas Garman, Raymond E. Forgue

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Posted Date: Apr 02, 2024 08:27 AM

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Briefly describe the supply mechanism of Bitcoin in the following details: a) What is the average time

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The average time interval between blocks in the Bitcoin blockchain is approximately 10 minutes This ... View the full answer

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