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RE: Steemit Crypto Academy Contest / S12W2 -: STEEM Vs Bitcoin halving
Thanks for sharing such a vital information pretty sure bitcoin halving is an algorithm hardcoded into bitcoin blockchain making it possible to control supply distribution of bitcoin to miners in every 4 years interval. The last bitcoin halving had a positive impact on steem price no doubt though i see bitcoin halving has good advantages when compared to it disadvantage thanks for the share.
The process of halving bitcoin is an algorithm like you have rightly said coded into the bitcoin blockchain, and executed by smart contracts after every 210,000 blocks, which is approximated to occur in about fours.
About our hopes for positive results, all we need is a positive mindset, but be ready to accept the outcome as no one can predict the future 100%, but judging by last halving outcome, I'm hopefully for a positive result coupled with the burnsteem initiative. Thank you for your time, I really appreciate your time and feedback.
Your much welcome well the crypto space can't be predictable 100% but we remain optimistic about the future of crypto and blockchain technology.
That's in indeed the whole truth. Hoping for the best outcome.