With the halving of Bitcoin approaching, Bitgert coin, the promising new cryptocurrency, will be born. With revolutionary speed and reduced transaction costs, Bitgert promises to redefine the market standards. Enthusiasts and investors are already realizing it. Is it going to start a new crypto era?
Bitcoin Halving Explained
Bitcoin halving is a pre-programmed event that halves the miner’s rewards for every block they mine on the Bitcoin network. It generally occurs every four years, to be more precise, after successfully mining 210,000 blocks in the Bitcoin network. It is part of the monetary policy in Bitcoin, meant to be an inflationary control and spread over an extended period for giving out new Bitcoins.
Back when Bitcoin had just first been created, the block reward itself was 50 Bitcoins. The reward per block was set to 25 bitcoins after the first halving in 2012, and it has continued to experience halving periodically since then. The current block reward as of the last halving is at 6.25 bitcoins. It is of importance because it directly impacts the rate at which new bitcoins are minted and enter into active circulation. After 21 million coins are created, the halving will stop the production of Bitcoin altogether. It will be able to simulate some of the scarcity and deflation characteristics of precious metals, such as gold.
The scarcity could fuel a price hike in Bitcoin if the demand for the cryptocurrency is sustained. At the same time, it ensures that the miners stay busy securing the network since the mining challenge keeps getting more brutal, with a potential increase in rewards due to appreciation of Bitcoin value.
Bitgert’s Ecosystem
Bitgert (BRISE) is a cryptocurrency project that was recently launched in July 2021, aimed at giving centrality to the topic of blockchain products and centralized exchange. Bitgert initially operated on the BNB Chain and has since developed its own BRC20 blockchain, known for high-speed transactions and near-zero gas fees, dropping the cost of operations to $0.0000000000001 per transaction. The ecosystem of the Bitgert project involves
- Bitgert Chain
- Bitgert Exchange
- BRISE Swap.
Bitgert uses a DeFi protocol enabling a multi-currency dApp wallet and staking rewards in BUSD. The native token, BRISE, is the fuel for transactions on the platform. With the implementation of a buyback mechanism using 5% of the transaction fees, this repurchases and burns tokens, making them more scarce and valuable.
Presently, Bitgert circulates 396 trillion total supplies of tokens under a maximum cap of 1 quadrillion Bitgert tokens. During this time, Bitgert’s proof-of-staked authority consensus mechanism maintained the robustness of the network while subjected to audits on a heavy smart contract basis. These mechanisms, similar to Bitcoin’s halving, have boosted Bitgert’s performance and appeal.
Summary
The mechanisms show that the built-in buyback and burn protocols reduce Bitgert’s supply, thereby increasing its scarcity and potential value creation for token holders—mirroring effects seen in halving phenomena.
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