Sentences with phrase «global bitcoin transactions take»
Not exact matches
These price gyrations took place as markets and those trading within them responded to a series of major global developments, including the decision by UK voters to exit the European Union, the hack of bitcoin exchange Bitfinex, and the halving of bitcoin's mining reward, which reduced the number of new bitcoins produced in each transaction block from 25 BTC to 12.5 BTC.
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Many people believe Bitcoin should be some sort of global currency, and towards that end, the current implementation of Bitcoin does not process enough transactions per block — which take approximately ten minutes to create — to power a modern economy.