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The 4th Bitcoin halving is over, as the rewards for miners are decreased some cryptos like Bitgirt could Skyrocket
The Bitcoin halving took place on April 20 and the block height reached 840k, which reduced the rewards for miners who maintain the network. The halving usually occurs every four years, depending on network activity. Its impact on the mining industry and the overall price of Bitcoin is yet to be seen.
The Bitcoin network has experienced an unprecedented demand in recent times, with spot ETF issuers buying BTC to fill their funds. Retail investors also buying and selling Bitcoin around its all-time high price milestones, while Bitcoin Ordinals have seen renewed demand as people trade artwork and collectibles onto sats.
According to industry executives, Bitcoin halving is likely to significantly affect small, less efficient miners, whereas established players are unlikely to be affected.
What Is Bitgert & How It Can Grow Significantly After Bitcoin Halving
Bitgert (BRISE) is a cryptographic token that belongs to a project blockchain that primarily offers decentralized DeFi products. It was launched in July 2021 and initially operated on the BNB Chain before developing its blockchain, known as BRC20, which enables high-speed transactions with near-zero gas fees.
Bitgert offers a decentralized public blockchain called the Bitgert Chain and a centralized trading platform called the Bitgert Exchange. It can handle 100,000 transactions per second (TPS) with reduced operational costs of $0.0000000000001.
Bitgert is anticipated to perform well due to the Bitcoin halving event. The halving generally creates interest and drives up prices in the cryptocurrency market. The halving may imply increased investment in altcoins like Bitgert as investors start diversifying their portfolios in search of yield and growth elsewhere other than Bitcoin, especially considering Bitgert’s array of offerings and reward mechanisms.
The Use of DeFi Protocol in Bitgert
Bitgert uses a DeFi protocol that has a multi-currency dApp wallet and staking rewards for BUSD. Its native token, BRISE, is essential for transactions within its platform, featuring a buyback mechanism where 5% of the transaction fee funds token repurchases and burns to enhance its scarcity and value.
Currently, there are 396 trillion Bitgert tokens in circulation, and its max cap is 1 quadrillion tokens. Bitgert’s network ensures maximum security using Proof-Of-Staked Authority as its consensus, and it is also underpinned by smart contract audits.
Bitgert offers multi-crypto products, including a wallet, audits, swap, staking platform, and an exchange, under its platform, in addition to its blockchain. It is impressive that all these developments were completed within 200 days of launch. The trade volume in the last 24 hours has started to decline suggesting that fewer people are active in the market.
Conclusion
The recent Bitcoin halving lowered rewards for miners. This may affect small miners more than established ones. The impact on Bitcoin’s price is still uncertain. Some predict increased investment in altcoins like Bitgert due to its offerings and reward mechanisms. Considering the Bitcoin halving, Bitgert is expected to perform well according the history, the halving typically drives interest and prices in the crypto market.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
