Recall that the value of the block reward in Bitcoin halves after every 210.000 blocks added to the blockchain. Assume that that on average it takes about 5 minutes to add a new block How many blocks are expected to be added in one day? How many blocks are expected to be added in one year? After approximately how many years is the block reward halved?

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
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Recall that the value of the block reward in Bitcoin halves after every 210.000 blocks added to the blockchain, Assume that that on average it takes about 5 minutes to add a new block
How many blocks are expected to be added in one day?
b)
How many blocks are expected to be added in one year?
After approximately bow many years is the block reward halved?
Transcribed Image Text:Recall that the value of the block reward in Bitcoin halves after every 210.000 blocks added to the blockchain, Assume that that on average it takes about 5 minutes to add a new block How many blocks are expected to be added in one day? b) How many blocks are expected to be added in one year? After approximately bow many years is the block reward halved?
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