Bitcoin’s Fourth Halving Block Reveals Significant Tax Reward
The confirmation of the fourth Bitcoin halving block has been announced. The halving block, believed to be from the crypto mining pool ViaBTC, includes an additional 37.6256 BTC ($2.4 million) "reward paid as fees of the 3,050 transactions which were included in the block.
It’s important to note that this block could potentially be altered after confirmation. While it’s unlikely, the block could undergo what is called chain reorganization, which happens when two miners verify a block on the blockchain at around the same time.
Given the intense competition among miners to secure the first post-halving block, this scenario could occur and lead to a fork in the blockchain. For more details about the halving block, one must wait for more transactions to go through.
The competition among miners intensified to secure the historic fourth halving block for Bitcoin — and to execute something unique with it.
This year’s Bitcoin halving introduces new tools: “Ordinals,” or small units of bitcoin minted with associated metadata, and “Runes,” more efficient token generation built on top of Bitcoin. These tools enable miners to associate images or other metadata with a specific Bitcoin block.
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It’s believed that all major mining pools and major miners have something special lined up. Whoever is lucky enough to win this one is going to have a special treat for us when this block prints.
Some hope to see one of the blocks get submitted data that shows a chart of the amount of US dollars printed in the last four years. This would serve to highlight the contrast with Bitcoin’s programmatic monetary policy that has been the only asset that has successfully been able to manage inflation over its history.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
