BitcoinZ Announces Upcoming Mining Rewards in Anticipation of Halving of Cryptocurrency
Deflationary cryptocurrency community acting in advance of halving slated for October 2021
BitcoinZ is known as the oldest and possibly the "only Bitcoin-named project" that can be mined with a normal computer using real Satoshi logic.Bitcoinz is not a Blockchain fork because it had its own "genesis block."
"BitcoinZhas a 'community not corporate mentality' and was launched with the legendary 'BITCOIN' name because it added optional privacy with its 'Z' addresses and fixed the high bitcoin fees," said a spokesperson for the BitcoinZ community. "BitcoinZ fees were reduced to almost zero, which offered scalability and protected the PC miners from the 'ASIC elites.' Cryptocurrency fans and newcomers can expect that there will be changes to the rewards of a mine-able digital coin.We know that legitimate projects always include these built-in changes when publically announcing digital coin."
The spokesperson continued, "The 'emission rate' refers to the programmed number of coins which the project is distributing for every 'block' as a reward to the 'miner.' Through this, the programmed emissions are defining the circulating supply of the digital coins in the market, the inflation rate and the maximum supply. The consumer should know that 'halving for the emissions rate' happens as a hedge against inflation over time, because the price is positioned to increase, unlike the rate of fiat (dollar or Euro) currencies that very slowly inflate over time."
BitcoinZ prides itself as it honors the bitcoin vision with a fair launch with no pre-mine or ICO sales and utilizes a proof of work model. (i.e.,It can be mined) There is neither a company structure as it is 100% community driven, nor is there a central authority issuing and distributing coins.Like Bitcoin, the mother of all cryptocurrencies, BitcoinZ is genuine cryptocurrency with genesis block Community crypto.
BitcoinZ has a halving pace for its block rewards, which is every four years. The halving process creates scarcity, which drives value increases. This process has been proven by Bitcoin's price behavior. Bitcoin's value has increased after its halvings. In October 2021,BitcoinZ will offer 6,250 BTCZ as a reward. Four years later, in October of 2025, this will be halved to 3,125 coins.
For more information go to www.Getbtcz.com and on Twitter #bitcoinz