Analyst Predicts Bitcoin's Endgame, Dogecoin Set for Gains in May, Price History Hints; 838 Million XRP Moved in 24 Hours: Crypto News Digest by U.Today
Let's take a look at what happened in the crypto space over the last weekend of April in U.Today's news digest.
Final Satoshi: Analyst predicts Bitcoin's endgame In an X post from April 26, Bitcoin analyst Luke Broyles shared his take on the mining of the final singular BTC. As stated by Broyles, the energy required to mine this last Bitcoin will exceed the total energy used to mine the first 20 million BTC. "[It will take] the entire first third of the 22nd century," wrote the analyst. The mining of the final Satoshi, Bitcoin's smallest unit, will demand even more — "infinite energy," according to Broyles. He believes that the model of Bitcoin's digital scarcity is designed to blow out to infinite difficulty to create an endpoint that few can comprehend. As a reminder, approximately every four years, a Bitcoin halving takes place; with each event, mining rewards are reduced, and the mining process becomes slower. The most recent halving set the reward at 3.125 BTC, while the next will lower it to 1.5625 BTC. At the moment, 19.85 million have been mined, with approximately 1.15 million remaining. The last Bitcoin is predicted to be produced by the end of 2140
Read more on U.Today https://u.today/analyst-predicts-bitcoins-endgame-dogecoin-set-for-gains-in-may-price-history-hints-838-million-xrp
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