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Why is Bitcoin only generated once every ten minutes (does Bitcoin change every minute)

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Why is Bitcoin only generated once every ten minutes (does Bitcoin change every minute)

Why does Bitcoin only produce once in ten minutes? According to CCN, according to statistics from Bitinfocharts, the Bitcoin network generates approximately 21 million new coins per day. This means creating new blocks every 10 minutes. Why are there only two Bitcoin transactions within ten minutes? The reason is simple: when a transaction is successful (meaning you receive it), the miner will receive a “hash value”, and when it is broadcasted on the internet and begins to spread, a third time will occur. If there is no such or other information to verify any results, then only the second transaction can achieve confirmation. Therefore, since each newly generated blockchain is created and maintained by different people and does not involve repetitive work, it usually takes a lot of time to prove that this process is correct Is Bitcoin changing every minute You know, globally, there are different time points and frequency changes every hour. If we analyze time into two dimensions: 3 times, 7 days, and 24 hours, we will find that this “clock” is one of the most concerning topics for Bitcoin traders, and the combination of these three situations reduces the volatility of Bitcoin prices Does Bitcoin change every minute? The answer is simple: no! Because every time the market is different; And every price change occurs regularly. Therefore, when a transaction is liquidated, there is often a small interlude So why exchange one minute for 200 million yuan? It is because everyone can see price changes every day, and this change is usually accompanied by a market downturn or rebound As I said, every new technological breakthrough (such as DEFI) in the bull bear cycle signifies the birth of a new industry. But at the same time, there have also been some problems in the market, such as poor liquidity between exchanges and slow inflow of user funds Nowadays, many technological innovations have been successfully implemented, but there are significant limitations for blockchain. The progress of blockchain technology needs to be continuously improved in order to attract more people’s attention to the value brought by these applications From the perspective of the Bitcoin network, BTC is currently the only digital currency with the largest circulation in the market, and there are no other currencies. In addition, since the current market value of Bitcoin is only about 20 billion yuan, compared with the market share of ETH, which is more than 60%, this shows that the entire Cryptocurrency field is still in a very early stage of development and may continue to develop in the future Secondly, apart from BTC, most mainstream currencies have not undergone significant changes, including EOS, XRP, etc. However, in the past few years, Bitcoin’s growth has indeed been much faster than other counterfeit currencies, and it can even be said that it has performed better this year

Third, from the perspective of DeFi, NFT has been a hot topic recently – various tokens have been launched crazily on Ethereum, and NFT types on Ethereum have also shown explosive growth. Virtual world projects like Decentraland are attracting more and more users to participate in them. In addition, many DeFi protocols based on Ethereum are launching their own derivatives platforms, such as the decentralized exchange Uniswap. These protocols themselves have high demands and requirements, and can meet the diversified trading needs of users

Fourth, from the perspective of Ethereum, as more traditional institutions come to support Cryptocurrency assets, Ethereum 2.0 will also be launched this year. Under such circumstances, although the DeFi ecosystem will gradually mature and become a reality, Ethereum has entered the market relatively early, so it will still have a great opportunity to get out of the predicament in the short term.

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